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Core inflation continues to heat up, reinforcing expectations the Bank of Canada will continue raising interest rates

The 0.1% gain followed a sharper 0.4% increase in November

The November inflation reading followed a 1.4% increase in consumer prices in October

The consumer price index was up 1.4% in October compared with a year ago, following a 1.6% increase in September

  • By: Craig Wong
  • November 17, 2017 November 17, 2017
  • 12:30

Inflation has been in the lower end of the central bank’s itarget bands of 1% to 3% for quite some time

Several one-time factors including below-average food inflation and the Ontario government’s reduction in electricity prices have helped keep inflation in check this year

Retail sales contract in August

Retail sales strengthen in July

The annual rate saw its first increase since it peaked in January at 2.1%

The June number followed inflation readings of 1.3% in May and 1.6% in April, slipping further away from the Bank of Canada’s 2% target