Annual inflation rises to 1%, highest rate since February

The prices in Canada rose slightly in November according to information released by the statistics agency. He Consumer’s price index (IPC) climbed 0.1% and it is expected to remain unchanged. The annual rate went from 0.7% to 1%, the highest number since February.

He Underlying CPI in November it rose 0.4% and the Bank of Canada’s CPI 0.2%.

At the same time, it was learned that wholesale sales in October rose 1%, above the expected increase of 0.9%.

After the data, the Canadian dollar appreciated in the market modestly and cut daily losses.

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