Canada's annual inflation rate remained the same at 3.1% in November, according to Statistics Canada (StatsCan) on Tuesday morning.A few economists had thought that the overall inflation number would go down, but StatsCan explained that the higher prices for travel tours and housing expenses kept the annual rate unchanged.The agency stated that lower gas and cellphone service costs and some relief in grocery store prices helped keep the inflation rate steady.According to StatsCan, November marked the fifth consecutive month of food inflation slowing down. Grocery prices went up by 4.7% on an annual basis during November.The Bank of Canada (BoC) has been encouraged by the recent slowdown in inflation and the overall state of the economy. As a result, BoC chose to keep its key interest rate unchanged at 5% for the past few months.Forecasters anticipate that the BoC's next step will be to reduce interest rates once it becomes more confident that inflation is returning to the 2% target..This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
Canada's annual inflation rate remained the same at 3.1% in November, according to Statistics Canada (StatsCan) on Tuesday morning.A few economists had thought that the overall inflation number would go down, but StatsCan explained that the higher prices for travel tours and housing expenses kept the annual rate unchanged.The agency stated that lower gas and cellphone service costs and some relief in grocery store prices helped keep the inflation rate steady.According to StatsCan, November marked the fifth consecutive month of food inflation slowing down. Grocery prices went up by 4.7% on an annual basis during November.The Bank of Canada (BoC) has been encouraged by the recent slowdown in inflation and the overall state of the economy. As a result, BoC chose to keep its key interest rate unchanged at 5% for the past few months.Forecasters anticipate that the BoC's next step will be to reduce interest rates once it becomes more confident that inflation is returning to the 2% target..This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
