Canada's annual inflation rate slowed to 1.8 per cent in December after rising 1.9 per cent in Novem ber, as the temporary GST tax break brought down the price of restaurant meals, alcohol and toys. Economists polled by Reuters had expected inflation to remain unchanged at 1.9 per cent last month.

Canada's annual inflation rate dropped to 1.8% in December, Statistics Canada said on Tuesday, slightly lower than expected and a tick below the prior month's 1.9%. Market reaction: [CAD/] Link: COMMENTARY DOUG PORTER,

The online poll also found 48 per cent of those surveyed believed the economy will weaken over the next year, while 19 per cent expect it to improve. Despite the pessimism among respondents, BMO Capital Markets senior economist Robert Kavcic said the global economy is expected to grow this year.

December's softer-than-expected monthly core reading from the consumer-price index likely gives the Federal Reserve "some breathing room" ahead of uncertain impacts from tariffs, said BMO Capital Markets economist Sal Guatieri.

That being said, ending 2024 on benign inflation footing does bode well for two quarter-point cuts in 2025 - a risk the market is currently underpricing," said BMO Capital Markets strategist Ian ...

The Treasury Department is preparing a record-size auction for government debt that expires in 10 years. This afternoon $20 billion worth of 10-year Treasury inflation protected securities will be issued,

US consumer prices rose in December by less than forecast after months of faster underlying inflation persuaded the Federal Reserve (Fed) to signal a pause in interest-rate cuts.

Inflation and interest rates might not ease much anytime soon, but both the Phoenix and U.S. economies start 2025 in good shape, according to GPEC.

U.S. consumer prices rose in December, pointing to elevated inflation and fewer interest rate cuts by the Federal Reserve.

Additionally, 61 percent believe inflation is high and expect it to increase further. The survey revealed that 44 percent of Canadians spend an additional $100–$300 monthly on basic expenses, while 38 percent report spending over $300 more.

Durable-goods orders could get a lift from business-friendly Trump White House Sales of big-ticket manufactured goods and overall U.S. business investment showed signs of revival toward the end of 2024,

Bank of Montreal closed C$2.64 below its 52-week high of C$147.54, which the company achieved on December 6th.