Canada inflation surges on rise of global oil prices

20 Août, 2018, 02:30 | Auteur: Auguste Feret
  • The inflation rate rose in every province in July according to Statistics Canada

Higher gasoline prices helped push the country's annual inflation rate in July to its highest reading since September 2011, Statistics Canada said Friday.

Economists polled by Reuters had forecast 2.5 per cent annual inflation.

Economically speaking, consumer sentiment for August is scheduled to come out, along with leading economic indicators and the Advance Quarterly Services Report that measures the performance of the US service economy, for the second quarter.

The central bank hiked its benchmark rate to 1.5 percent in July - its highest level in a decade, following a previous rate increase in January.

However, investors shouldn't put too much stock in the July number because it was caused in part by the way Statistics Canada keeps track of the air transportation index, said Petursson.

However, the average of Canada's three measures of core inflation, which don't include things like the volatile prices at the pump, rose last month to 2% compared to 1.96% in June.

Twitter CEO Makes Stunning Admission Of Bias During CNN Interview
But he denied "doing something behind political ideology or viewpoints", claiming that's the "real question behind the question". Earlier this month, YouTube, Facebook and Apple banned Jones' content. "There's not one single definition", Dorsey said.

Cubs' Yu Darvish leaves rehab start after only 1 inning
Darvish said the discomfort was the same as after his previous rehab start on June 24 for South Bend. Darvish told reporters he would undergo an MRI but would still like to pitch this season.

New US Treasury sanctions on North Korea "destructive": Moscow
In 2017, president Trump imposed a full trade and financial embargo that included penalties for companies, non-banks and people who do business with N.

The report says that a 25.4 percent increase in the price of gasoline and a 28.2 percent increase in the cost of air transportation compared with a year ago helped push overall prices higher.

At 9:35 a.m. EDT (1335 GMT), the Canadian dollar CAD=D4 was trading 0.56 percent higher at C$1.3078 to the greenback, or 0.7644 US cents.

On a seasonally-adjusted monthly basis, the consumer price index was up 0.5% in July, after increasing 0.2% in June.

Food purchased from restaurants also gained 4.4%, while mortgage interest costs rose 5.2%.

"Maintaining stable inflation is likely to require further rate hikes by the central bank, with the next one likely coming in October", Marple said.

On the flip side, telephone service costs were down 5.1% and traveller accommodations slipped 4.1% compared with a year ago. I n a separate report, Statistics Canada estimated the direct impact of tariffs on USA imports implemented earlier this year on the consumer price index to be up to 0.07 percentage points.



Le dernier film de Kevin Spacey amasse 126$ au box-office
Le film était certes déjà disponible depuis un mois en vidéo à la demande et n'est pas sorti dans des cinémas de New York ou Los Angeles, mais toutefois dans des grandes villes telles Miami ou Phoenix.

Grièvement blessé à coups de "pic à brochettes" — Paris
Désarmé par les employés de la boucherie, il a réussi à prendre la fuite. " Son pronostic vital est engagé ", selon France Bleu . Une rencontre dans une boucherie du 18 arrondissement de Paris a mal tourné vendredi après-midi.

Les migrants vénézuéliens ne sont pas bienvenus — Brésil
Vendredi, le Pérou a annoncé qu'une mesure similaire à celle annoncée par l'Équateur entrerait en vigueur dans une semaine. La plupart des migrants vénézuéliens ont fui le Brésil vers leur pays en laissant derrière eux leurs possessions.

Motherhood has made Kylie Jenner 'a lot nicer' to sister Kendall
During an interview for Vogue Australia's September issue, the 21-year-old reality star talked about their relationship. Kylie has been a household name since she was 10 years old, when " Keeping Up With The Kardashians " first aired.

Unhealthy air quality moves back into Spokane region
Children, seniors and others with cardiovascular or lung disease, such as asthma, are especially at risk. The alert is the result of smoke from Canadian wildfires drifting across the region.

No mercy: All Blacks ready to move in for the Bledisloe kill
Cheika pointed to a handful of opportunities the Wallabies had to win the game late as reasons for optimism this week. The kick-off for the first Bledisloe Cup test between the All Blacks and Wallabies has been brought forward.

Best Buy to Acquire PERS Company GreatCall for $800M
GreatCall not only gives Best Buy more services to sell them, it offers the Geek Squad a broader customer base to reach out to. In June 2017, GreatCall was acquired by Chicago private equity firm GTCR for an undisclosed price.

LeBron James is 'the greatest ever — Rockets GM
But the thing with working hard is that you've got to have the right people around you to guide you". The Los Angeles Lakers built a puzzling, seemingly odd-fitting team around LeBron James this summer.

Cipriani charged by RFU over nightclub incident
Danny Cipriani must appear before an independent disciplinary hearing next week as the fallout from his nightclub scuffle continues.

Judge Overseeing Manafort Trial Says Jury Is 'Scared' Going Home
Donald Trump's musings on the Paul Manafort trial may not have much an effect on the outcome, experts say. Among the questions they have since sent to the judge was a request to define "reasonable doubt ".