Inflation in November Expected to Stay at 2% or Slightly Above: Economists

Inflation in November Expected to Stay at 2% or Slightly Above: Economists
A Petro-Canada gas station is seen in Mulmur, Ont., on Oct. 27, 2024. The Canadian Press/Chris Young
The Canadian Press
Updated:
0:00

Inflation likely hovered at or a little above the Bank of Canada’s two percent target rate in November, economists expect, after Taylor Swift’s Eras Tour swept through Toronto and offered a temporary economic boost.

As of Friday, economists on average estimate the consumer price index rose two percent, according to a Reuters poll. That would be unchanged from the October reading.