Your Reading List

Global markets: Canadian consumer prices rise

By Commodity News Service Canada

WINNIPEG, November 18 – The following is a glance at the news moving markets globally.

– The Canadian Consumer Price Index (CPI) rose 1.5 per cent on a year-over-year basis in October, following a 1.3 per cent gain in September, Statistics Canada said in a report on Friday.

Excluding gasoline, the CPI was up 1.4 per cent year over year in October, after posting a 1.5 per cent increase in September, StatsCan said.

The Consumer Price Index can be used to indicate inflation levels and calculate cost of living expenses, analysts say.

– OPEC (Organization of the Petroleum Exporting Countries) producers are moving closer to reaching a deal to limit output, market watchers say.

In order to reach an agreement countries are willing to offer increased flexibility to Iran, market watchers say.

About the author

Glacier FarmMedia Feed

GFM Network News

Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.



Stories from our other publications