TSX:NBLY - Post Discussion
Post by
Kanatainvestor on Oct 17, 2023 9:55am
Canada inflation slows to 3.8%, backing rate pause
Canada’s rate of inflation unexpectedly slowed, with core measures showing some improvements, leaving room for the central bank to keep interest rates unchanged next week.
The consumer price index rose 3.8 per cent in September from a year ago, following a four per cent gain in August, Statistics Canada reported Tuesday in Ottawa. That’s slower than the median estimate of four per cent in a Bloomberg survey of economists. On a monthly basis, the index fell 0.1 per cent, versus expectations for an increase of 0.1 per cent.
https://www.bnnbloomberg.ca/statistics-canada-to-release-september-inflation-reading-this-morning-1.1985687
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Today's inflation reading is highly constructive, a big jump in inflation would have forced the BOC to raise rates next week, not something you would want to see as PCP secures funding to close the deal. Outside of that, this is an important incremental positive for NBLY business model, with and without a deal on the table.
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