February 19, 2020

Feb 20 04:02 2020 Print This Article

How about that Canadian inflation, eh?:

The annual pace of inflation jumped last month to 2.4 per cent, its fastest rate in almost two years, fuelled by higher costs at the gas pump, pricey tomatoes and a rare surge in clothing costs.…Much of the bump came as concerns about events in the Middle East helped pushed gas prices up 11.2 per cent compared with January, 2019, when a global supply glut lowered oil prices.…The average of Canada’s three measures for core inflation, which are considered better gauges of underlying price pressures and closely tracked by the Bank of Canada, was 2.033 per cent compared with 2.067 per cent for December.…Costs grew for fresh vegetables by 5 per cent, which the agency says is largely attributable to a 10.8-per-cent bump in the price of tomatoes stemming from inclement weather in growing regions of the United States and Mexico.

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PrefBlog

PrefBlog is presented as a public service by Hymas Investment Management Inc., Manager / Trustee of Malachite Aggressive Preferred Fundand publisher of PrefLetter, a monthly newsletter directed towards long term buy-and-hold retail investors. James Hymas, president of Hymas Investment Management Inc, with years of experience designing quantitative investment technology and applying this technology to conservative portfolios, seeks to provide institutions and retail investors with the information and advice necessary to produce top quartile returns in the preferred share market without the assumption of excess risk.

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