Bank of Canada Gov: AI Investments Could Add Short-Term Inflationary Pressure
OTTAWA--Investments in productivity-enhancing artificial intelligence are boosting demand in the economy, and that could put upward pressure on inflation in the short term, Bank of Canada Gov. Tiff ...
Canada’s inflation drops to 2% in August, signalling economic stability amid housing concerns
Canada's annual inflation rate fell to 2% in August 2024, its lowest level since February 2021, making a surprising event for ...
Bank of Canada putting more weight on downside inflation and growth risks, meeting summary shows
Central bankers now want economic growth to pick up steam to prevent inflation from undershooting their 2 per cent target ...
Macklem warns AI may stoke inflation through demand boost
In a Friday speech in Toronto, Macklem said strong investment in AI is boosting demand as rising equity prices and hiring add to consumption. Electricity demand is also “surging” because of the ...
Reuters3d
VIEW Canada's inflation cools to 2% in Aug, reaches central bank's target
TORONTO, Sept 17 (Reuters) - Canada's annual inflation rate reached the central bank's target in August as it cooled to 2 ...