Canada's inflation rate unexpectedly remained stable last month, while core inflation indicators generally cooled down, and the slowdown in service price growth was offset by rising commodity costs. According to data released by Statistics Canada on Monday, the overall inflation rate in November rose 2.2% year on year, the same as in October. This is below the economists' median estimate of 2.3%. On a monthly basis, the consumer price index rose 0.1%, in line with expectations. Core price pressure generally eased or remained stable in November. Judging from various indicators, the overall pressure on core prices eased or remained stable in November. Overall, the report shows that the overall inflation rate is moving towards the Bank of Canada's target of 2%, although some potential inflation indicators are still close to 3%. The Bank of Canada may not be concerned about ongoing potential inflationary pressure because it believes that the Canadian economy still has ongoing overcapacity, US tariffs are hitting key sectors, and putting pressure on business investment and consumer spending.

Canada's inflation rate unexpectedly remained stable last month, while core inflation indicators generally cooled down, and the slowdown in service price growth was offset by rising commodity costs. According to data released by Statistics Canada on Monday, the overall inflation rate in November rose 2.2% year on year, the same as in October. This is below the economists' median estimate of 2.3%. On a monthly basis, the consumer price index rose 0.1%, in line with expectations. Core price pressure generally eased or remained stable in November. Judging from various indicators, the overall pressure on core prices eased or remained stable in November. Overall, the report shows that the overall inflation rate is moving towards the Bank of Canada's target of 2%, although some potential inflation indicators are still close to 3%. The Bank of Canada may not be concerned about ongoing potential inflationary pressure because it believes that the Canadian economy still has ongoing overcapacity, US tariffs are hitting key sectors, and putting pressure on business investment and consumer spending.