October CPI comes in below expectations

The latest Consumer Price Index missed to the downside at 3.2 percent year-over-year, as we were expecting a reading of 3.3 percent.

The Food Index increased 0.3 percent in October, while the Energy Index fell 2.5 percent month-over-month.

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“It’s really disruptive! When you talk to farm groups and individual farmers, there is a lot of concern that this is impacting Canada’s reputation with customers around the world.”