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inflationCanadaconsumer price index
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Related tickers and likely impact
USD/CAD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.41389 |
| Change that session | -0.32% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Here a list of September inflation rates for Canadian provinces – Brandon Sun
Canada's annual inflation rate was 3.1% in September, according to Statistics Canada. Prince Edward Island had the highest provincial rate at 5.7%, up from 4.4% the previous month, followed by Nova Scotia at 5.6% and Newfoundland and Labrador at 4.7%. Ontario recorded the lowest rate at 2.5%, while Alberta eased to 3.6% from 3.8% and Saskatchewan to 3.3% from 3.5%. Quebec, Manitoba and British Columbia were unchanged at 3.1%, 4.4% and 3.0%.
- Bank of Canada Finds Business Sentiment Weakened After U . S . Trade Talks Failed
The Bank of Canada's business outlook survey, published Oct. 19, drew on interviews from Aug. 6 to Sept. 2, most of which were completed before U.S. trade talks failed on Aug. 21. Later responses showed a setback, with firms expecting weaker export sales and feeling less confident about their prospects, as new U.S. tariffs, Canadian counter-tariffs and higher oil prices weighed on outlooks. About half the surveyed firms planned to pass on at least some cost increases linked to tariffs and the Middle East conflict, while hiring plans stayed subdued. Statistics Canada reported consumer prices rose 3.1% in September from a year earlier, up from 3.0% in August, and the central bank kept its overnight rate at 2.25% with its next decision due Oct. 28.
- Canadian Dollar Gains as October Bank of Canada Rate Odds Reach 80 %
The Canadian dollar rose 0.3% to C$1.4095 per U.S. dollar on Oct. 19 as swap-market pricing implied about an 80% chance of a Bank of Canada rate hike on Oct. 28, up from 30% on Oct. 16. Statistics Canada reported consumer prices rose 3.1% year over year in September, up from 3.0%, with gasoline up 27.8% while inflation excluding gasoline eased to 2.2%. Employment fell by 42,000 in August and 68,000 in September, and unemployment rose to 6.5%. ING strategist Francesco Pesole said the Canadian dollar had little room for further gains and forecast USD/CAD at 1.420 by end-October and year-end 2026. The Bank of Canada had held its rate at 2.25% on Sept. 2, and its next decision is due at 9:45 a.m. ET on Oct. 28.
- Financial markets betting on BoC rate hike next week despite subdued inflation data
Financial markets have begun pricing in a Bank of Canada rate hike next week, giving more weight to Governor Tiff Macklem's hawkish remarks than to September inflation that came in better than expected. Statistics Canada reported annual inflation rose to 3.1% from 3%, driven by a 6.1% monthly jump in gasoline prices, while excluding energy it eased to 2.2%. Swap markets priced about an 80% chance of a quarter-point hike at the Oct. 28 decision, up from roughly 35% on Friday, and several Bay Street forecasters switched to calling for a hike, though it remains a minority view. Royce Mendes of Desjardins said central bankers can no longer look through the inflationary impact of high energy prices, while the BoC's two preferred core measures fell to 1.9% and 1.8%. Macklem said that if oil stays around US$100, inflation would gradually drift up from 3%, and the bank will weigh whether inflation returns to target on its own or whether rates must rise.
- Higher gas prices drove inflation up to 3 . 1 % in September : StatCan
Canada's annual inflation rate rose to 3.1% in September from 3% in August, as the Middle East war kept pushing up gasoline prices, which were up 27.8% from a year earlier. Excluding gasoline, consumer prices rose 2.2%, while fuel oil and other fuels surged 57.8%, hitting Atlantic Canada hard. Grocery inflation slowed to 1.7%, the smallest annual increase since May 2024, as fresh vegetable prices fell 2.9%. Shelter prices accelerated to 1.8% from 1.5%, and economists had broadly expected inflation at 3.2%. CIBC's Andrew Grantham said the report suggests policymakers have little rush to raise rates before assessing U.S. trade relations and new tariffs, while Governor Tiff Macklem warned that persistent energy prices raise the risk of broader inflation.
- Inflation data shows high energy prices still contained , for now : economists
Canada's annual inflation rate rose to 3.1 per cent in September as gasoline prices jumped 27.8 per cent amid the Middle East war, but came in slightly below the 3.2 per cent economists had expected. Excluding gasoline, consumer prices rose 2.2 per cent, after 2.4 per cent in August. Core measures, CPI-trim at 1.8 per cent and CPI-median at 1.9 per cent, suggest underlying price pressures remain relatively contained and higher energy costs have yet to spread widely. Bank of Canada Governor Tiff Macklem warned the bank was prepared to raise rates if necessary, while CIBC's Andrew Grantham said the data suggests policymakers have little rush to do so. Regional gaps were wide, with Ontario lowest at 2.5 per cent and all three Maritime provinces well above the national rate as heating oil prices surged.
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