Economists Expect Inflation Slowed Again in October as High Interest Rates Take Hold

Bank of Montreal signage is pictured in the financial district in Toronto, on Sept. 8, 2023. The Canadian Press/Andrew Lahodynskyj

Forecasters anticipate Canada’s inflation rate took another dip in October as gasoline prices fell from the previous month and grocery prices rise more slowly.

Statistics Canada is set to release its consumer price index report on Nov. 21, coinciding with the federal government’s fall economic statement.