Two 50 bps rate cuts coming this year: What economists say about the latest inflation numbers [Yahoo! Finance Canada]
Corpay, Inc. (CPAY)
Company Research
Source: Yahoo! Finance Canada
Inflation in September rose 1.6 per cent , the slowest year-over-year increase in more than three years and well below the Bank of Canada ‘s target of two per cent. The consumer price index (CPI) reading is the last major piece of data before the central bank's next interest rate announcement on Oct. 23. Here's what economists and analysts are saying about the latest inflation numbers and what they mean for the central bank and interest rates. 50 bps cut next week: Alberta Central Charles St-Arnaud, chief economist with credit union Alberta Central, said the number of components in September's CPI that increased by more than five per cent fell to 11 per cent, the lowest level since September 2020 and down from 13 per cent in August. “The decline in the share of components rising by five per cent suggests less extreme upside price pressures in inflation,” he said in a note. Looking at the monthly inflation data — CPI contracted 0.4 per cent in September — St-Arnaud said it
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CPAY
Earnings
- 11/7/24 - Beat
CPAY
Sec Filings
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- 11/20/24 - Form 4
- CPAY's page on the SEC website