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What's NewCategory: What's New in 2009RBC ECONOMICS RESEARCH - ECONOMIC UPDATE RBC ECONOMICS RESEARCH - ECONOMIC UPDATE January 23, 2009 Canada’s headline inflation rate stays on downward path. Canadian consumer prices fell 0.7% in December, a bigger decline than the forecasted 0.4% dip. The year-over-year rate slipped to 1.2% from 2% in November. The monthly decline in the all-items index reflected sharply lower energy prices. The seasonally adjusted index fell 0.4%. The Bank of Canada’s core measure, which eliminates the impact of eight volatile series plus indirect taxes, fell 0.4%, slightly more than the expected 0.3% dip on a not seasonally adjusted basis (and was unchanged on a seasonally adjusted basis) following the strong 0.7% gain recorded in November. The year-over-year core rate held steady at 2.4%. Click here to read more. |
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