November Inflation Report: Gasoline Prices Drive Up Inflation Rate to 2.3%
Statistics Canada is scheduled to release inflation data for November today. Economists predict that the headline inflation rate for the month will be 2.3 percent, slightly higher than October's 2.2 percent. The increase is attributed to rising gasoline prices, with food prices expected to outpace overall inflation. This report follows the Bank of Canada's decision to keep its key policy rate at 2.25 percent last week, marking its final rate decision of the year.