Prices for consumer goods and services increased an average of 2.25 per cent in November compared to the same month in 2024, according to the latest Consumer Price Index report.

The Canadian dollar steadied on Monday against its U.S. counterpart as oil prices fell and domestic data showed inflation running at a cooler than expected pace.

Inflation in Canada cooled less than expected last month, supporting the Bank of Canada’s plan to move to the sidelines after back-to-back rate cuts.

Fan noted that inflation breadth widened modestly, with about 54% of CPI components growing faster than three% on an annualized three-month basis, up from 50% in October. A narrower “supercore” measure that strips out goods and shelter rose 0.2% on the month and remained elevated at 3.2% year over year, suggesting pockets of persistence remain.

Colton Praill takes a closer look at the numbers as grocery prices in Canada continue to climb, despite inflation remaining at 2.2 per cent in November.

OTTAWA — Statistics Canada says rising grocery prices were causing fresh pain for consumers in November even as the overall inflation rate held steady.

Dec 15 (Reuters) - Futures for Canada's main stock index rose on Monday, supported by higher precious metal prices, while investors awaited domestic inflation print due later in the day. December futures on the S&P/TSX index were up 0.

As Trump floats pulling out of a trade deal with Mexico and Canada, officials on both sides of the border are betting the president won’t risk quashing a deal that has helped keep prices in check.