Case for interest rate hike builds with resilient inflation data: analysts

Case for interest rate hike builds with resilient inflation data: analysts
OTTAWA — The country showed signs of growing price pressures last month with inflation staying strong and its underlying pace grinding higher — both of which propped up expectations that higher interest rates are on the way. The annual inflation rate for August receded somewhat to 2.8 per cent, easing from July’s three per cent pace that marked Canada’s highest reading in seven years. Last month’s step back was... Read More

Inflation eases to 2.8% as gas price growth slows; core numbers creeps up

Inflation eases to 2.8% as gas price growth slows; core numbers creeps up
OTTAWA — The country’s annual inflation rate eased to 2.8 per cent in August as still-rising gasoline prices advanced at a more-moderate pace, Statistics Canada said Friday. The agency’s latest number came in just below the previous month’s three per cent reading, which had pushed inflation to the top end of the Bank of Canada’s target range with the fastest price growth in seven years. The August result matched the expectations of economists, according to Thomson... Read More

Alimentation Couche-Tard taking a more laid-back approach to selling pot

Alimentation Couche-Tard taking a more laid-back approach to selling pot
LAVAL, Que. — The chairman of Alimentation Couche-Tard Inc. says reluctance from the company’s own employees and broader uncertainty about the North American cannabis market are preventing it from charging into the blossoming sector. “There’s opinions all over the place. If you talk to our people, it’s like 50-50,” said Alain Bouchard, co-founder of the Quebec-based convenience store giant. “It... Read More