Canada’s inflation rate reaches four per cent in August
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David Gray (English and French)
Full Professor, Department of Economics, Faculty of Social Sciences
Professor Gray's expertise is related to the fields of labor economics and labor market policy, including displaced workers, employment insurance, labor market discrimination, and income mobility.
"This is not good news, in part because the core inflation rate also remains close to 4 %."
Bao Anh Nguyen (English Only)
Part-time professor, Department of Economics, Faculty of Social Sciences
Professor Nguyen works on economic development, international economics and monetary economics.
“The Consumer Price Index in the U.S. also rose 3.7% in August from a year earlier, reflecting high gas prices (Bureau of Labor Statistics release). There is a possibility of another rate hike later in the year after the FED meeting. If this is the case, a rate hike at the end of 2023 is a distinct possibility for Bank of Canada policymakers. “