Higher gas prices lifted inflation for all 25 European Union countries to 2.2% in August, the European Union’s statistic agency said Friday.
Eurostat said inflation rose from 2.1% in July. The rate for the 12 countries that use the euro currency stayed stable at 2.2%.
Transportation fuels were mainly to blame for other price increases last month, followed by higher charges for package holidays as airlines levied fuel surcharges to cover the increased cost of oil.
The Canadian dollar traded for 72.60 cents US, up slightly from Wednesday
Average weekly earnings rose to $1,312: Statistics Canada
The bank’s Monetary Policy Committee was divided on whether to cut interest rates
Economists now think the rate could stay at 2% for months — and possibly into 2027
Accountant allegedly found assets used to lure investors to schemes
Plus, Raymond James gains Richardson advisor, and promotions at BMO, CI GAM, Wellington-Altus and more
Women continue to face systemic issues in Canada's financial planning industry — Tanya Staples has an idea
'Hot print' from Micron Technologies boosted enthusiasm for tech stocks, says portfolio manager