Annual Inflation Rate Holds Steady in Canada at 2.2%. BOC Leaves Interest Rates Unchanged.

Statistics Canada is reporting that Canada’s annual inflation rate held steady, at 2.2% in December. Maintained by higher energy prices and balanced out by lower cost for food and vehicles. As a result, the Bank of Canada has left interest rates unchanged, but left the door open for future rate cuts should a recent slowdown in domestic growth continue.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.