Slide in the Canadian dollar impacting Canadian inflation in 2015
Of the many factors impacting the outlook for Canadian inflation in 2015, the slide in the Canadian dollar over the last two years has been notable, depreciating by 30% since late 2012.The lower value of the Canadian dol…
Of the many factors impacting the outlook for Canadian inflation in 2015, the slide in the Canadian dollar over the last two years has been notable, depreciating by 30% since late 2012.
The lower value of the Canadian dollar is estimated to have lifted Canadian consumer inflation by 0.6 percentage points in Jan 2015.
TD Economics notes in a report on Tuesday:
The weaker Canadian dollar could contribute about 0.8 percentage point to inflation in 2015, accounting for 40% of the increase in consumer prices in the year.
The impact of the currency will be largest for items that are import-intensive.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
