Today in the morning the US Labour department published inflation data for October.
Statistics Canada will publish Canadian October data on November 17, so we will have a look then.
Here is what is happening in the US:
Inflation is 6.2%, the highest since 1990. Main reason: energy prices increased by 30%. Food prices increased by 5.3%. Excluding food and energy, the inflation rate was 4.6%, the highest since August 1991. Used cars (26%) and new cars (10%) contributed a lot, but the increase in prices for shelter (3.5%) was also higher than the goal of monetary policy (around 2% inflation).
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