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'A little bit louder, a little bit worse' — what economists are saying about inflation [Financial Post (Toronto, Ontario, Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Company Research Source: Financial Post
Canada's inflation rate accelerated to four per cent in August, up from 3.3 per cent in July. It's the second month in a row that the consumer price index has accelerated, pushing inflation well out of the Bank of Canada's target range of one to three per cent. It also beat economists' expectations for a 3.8 rise, according to Bloomberg. Here's what some of Canada's top economists had to say about the latest inflation print: Doug Porter, Bank of Montreal chief economist “ Things just got a lot more interesting for the Bank of Canada, and most definitely not in a good way. We all knew that the extended back-up in gasoline prices was going to be a headache for headline CPI and inflation expectations, but the inconvenient truth is that core has suddenly heated up as well. We will note that even excluding mortgage interest costs, prices are now up 3.2% y/y, or above the target band. There's still lots of data to go before the Bank next decides on rates, including another swing at Show less Read more
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