18 October 2013

Canadian inflation is low – fixed mortgage rates are going down

The recent report shows that Canadian core inflation was 1.3% in September on a year-over-year basis, while the Bank of Canada’s target is 2%. Meanwhile, the headline index was up by 1.1%.

The Royal Bank of Canada expected Canada’s CPI inflation to show 1.0%, and the core index to be 1.4%…

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