Statistics Canada is releasing its September inflation report today, and a Reuters poll of economists expects the rate to have accelerated to 3.2% from 3% in August. Economists say persistently high energy prices are the main force pushing inflation up, and they will look for signs that cost pressures are spreading beyond gasoline. The report is the Bank of Canada's last look at price data before its October 28 rate decision. The central bank has said it will look through the initial effects of the Middle East war but is prepared to raise its policy rate if inflation spreads. Its quarterly consumer and business surveys, released the same day, will show whether firms plan to pass higher supply chain costs on to customers.
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Original headline: Statistics Canada set to release September inflation figures - Medicine Hat NewsMedicine Hat News
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USD/CAD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.41389 |
| Change that session | -0.32% |
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Related news
- CP NewsAlert : Higher gas prices drove inflation up to 3 . 1 % in September : StatCan
Statistics Canada said annual inflation rose to 3.1% in September, led by a 27.8% jump in gasoline prices from a year earlier as the Middle East war kept pushing up gas prices, despite the switch to cheaper winter gas. Excluding gasoline, consumer prices rose 2.2%, while fuel oil surged 57.8%, hitting Atlantic Canada hard where many homes are heated with oil. Grocery inflation slowed to 1.7%, its smallest yearly increase since May 2024, as fresh vegetables fell 2.9% and sugar and confectionery dropped 2.7%, while beef rose 8.7% after 11% in August. Shelter prices rose 1.8%, up from 1.5% in August, with mortgage insurance up 4.9% and home maintenance and repair costs up 1.2%.
- Canada inflation : StatCan to release September figures today
Canada's annual inflation rose to 3.1% in September, driven by a 27.8% jump in gasoline prices from a year earlier, even with the switch to a cheaper winter blend. Excluding gasoline, consumer prices rose 2.2%, while fuel oil and other fuels surged 57.8%, hitting Atlantic Canada hard. Grocery prices rose 1.7%, the smallest yearly increase since May 2024, though they are up 33% since September 2020. Shelter prices rose 1.8%, up from 1.5% in August, largely due to a 4.9% increase in mortgage insurance.
- Canada inflation: StatCan to release September figures today
Canada's annual inflation rate rose to 3.1% in September, as the war in the Middle East kept pushing up gas prices. Gasoline prices jumped 27.8% from a year earlier, despite the switch to a cheaper winter blend, and fuel oil surged 57.8%, hitting Atlantic Canada hard where many homes use oil heating. Excluding gasoline, consumer prices rose 2.2%. Grocery inflation slowed to 1.7%, the smallest yearly increase since May 2024, as fresh vegetables fell 2.9% and beef's increase eased to 8.7% from 11% in August. Shelter prices rose 1.8% (up from 1.5%), led by a 4.9% jump in mortgage insurance and a 1.2% rise in home maintenance and repair costs.
- Statistics Canada set to release September inflation figures
Statistics Canada is set to release September inflation data today, with a Reuters poll of economists expecting inflation to accelerate to 3.2% from 3% in August. Economists say persistently high energy prices are the main driver and will be watching for cost pressures spreading beyond gasoline. The report is the Bank of Canada's last look at price data before its October 28 rate decision; the central bank has said it will look through initial effects from the Middle East war but is ready to hike if inflation spreads.
- Statistics Canada set to release September inflation figures – Winnipeg Free Press
Statistics Canada is set to release September inflation data. A Reuters poll of economists expects inflation to rise to 3.2% in September, up from 3% in August. Economists say persistently high energy prices are the main driver and will watch for cost pressures spreading beyond gasoline. The report is the Bank of Canada's last look at price data before its October 28 rate decision; the central bank says it will look through initial effects from the Middle East war but is ready to hike if inflation spreads, and it will also release quarterly surveys on whether firms plan to pass supply chain costs to customers.
- Statistics Canada set to release September inflation figures
Statistics Canada is set to release September inflation data. A Reuters poll of economists expects inflation to rise to 3.2% in September, up from 3% in August. Economists say persistently high energy prices are the main driver and will watch for cost pressures spreading beyond gasoline. The report is the Bank of Canada's last look at price data before its October 28 rate decision; the central bank says it will look through initial effects from the Middle East war but is ready to hike if inflation spreads, and it will also release quarterly surveys on whether firms plan to pass supply chain costs to customers.
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