The Toronto Stock Exchange (TSX) experienced a decline on Wednesday, as investors grappled with the release of hotter-than-expected inflation data. The TSX Composite Index dropped by 0.3% to close at 21,648.97 points.
Inflation in Canada reached a three-year high of 3% in July, according to data released by Statistics Canada. This marks the fastest pace since October 2018 and is above the Bank of Canada's target inflation rate of 2%.
The rebound in gasoline prices has caused a surge in inflation, reaching an annual rate of 4.7% in May, according to data released by Statistics Canada. This increase comes as the Bank of Canada is set to make its intere
Canada's annual inflation rate reached 3% in July, prompting speculation about a potential interest rate hike by the Bank of Canada. This is the highest inflation rate since October 2018 and surpasses the central bank's
