— According to National Bank, Canada's inflation rate rose to 3.1% in September, but the inflation measures most closely watched by the Bank of Canada (BOC) fell to 1.9%, their lowest average since 2020. While higher energy prices drove up headline inflation, prompting the BOC's rate hikes, underlying inflation actually appears to be cooling. That said, some would argue the BOC can't ignore rising energy costs if they eventually spill over into other prices across the economy. For investors, lower rate pressure is generally positive for interest-rate-sensitive investments such as Canadian banks, utilities, REITs, and broad market ETFs like $VDY, $XIU, $ZEB, and $XRE. What do you think? Have rates peaked, or is there still a risk they move higher? — This is for informational and educational purposes only.
1,674 views
1 Comments
Mike L
@noviceadvisor · 21h
The BoC loves blaming energy costs for inflation. Sure diesel went up but inflation is also caused by government deficit spending. 1.6B to Cohere, a few billion more to Ukraine, hundred million to DR, etc...
See the full comment section 👀Sign up for the full Blossom experience!
