Canada February Core Inflation Rate Fastest in Three Years


24/03/2012 09:54 AST  Bloomberg

Canadian inflation accelerated for a second month in February on higher costs for electricity and meat, as the central bank’s key price measure reached the fastest in more than three years.

The consumer price index rose 2.6 percent in February from a year earlier, following January’s 2.5 percent gain, Ottawa- based Statistics Canada said. The core rate, which excludes eight volatile items, accelerated to 2.3 percent, the fastest since December 2008. Economists surveyed by Bloomberg predicted the total rate would quicken to 2.7 percent and core inflation would be 2.2 percent, according to the median of 25 estimates.

The Bank of Canada said March 8 that inflation will be higher than it had forecast in January because of “reduced economic slack and higher oil prices.” Policy makers also said price gains will slow in the second quarter and inflation will then stay near 2 percent through next year.

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC
Most Viewed Companies
Ticker Price Volume
EMAAR 7.71 67,780,951
SABIC 90.11 6,816,238
RIBL 17.4 2,074,671
EEC 43.26 8,341,135
ALMARAI 76.69 1,896,426
STC 68.6 1,372,209
SECO 15.7 5,629,097
Recent News

AAOIFI and IASB achieve higher levels of cooperation
Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) held a meeting with the International Accounting Standards Board (IASB) on 16 December 2014 at the latter's office in

Kuwait Finance House auctions real estate fund properties
Kuwait Finance House (KFH) has succeeded in selling the properties held by the Baitek Real Estate Fund, comprising 68 commercial and investment properties in a public auction.

Chief Execut

SIIG ANNOUNCES THE DISTRIBUTION OF DIVIDEND FOR THE YEAR 2014
The Board of Directors of Saudi Industrial Investment Group has recommended the distribution of dividend to the shareholders for the financial year 2014 as following:

1.Total amount of dis

More companies see stronger dollar boosting profits
More top global financial executives expect a stronger dollar to help their bottom line than see harmful effects from the currency's rise, a private survey released on Tuesday showed. Twenty-four per

Gold price recovers on fresh demand; silver remains weak
Gold prices recovered by Rs 85 to Rs 27,310 per ten grams at the bullion market in the national capital on emergence of buying by jewellers and retailers at prevailing levels even as the precious met

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?