BMO on Canada's Food Prices, Weaker Loonie

MT Newswires11-20

Canadian inflation is showing a pulse once again, and notably at the check-out counter of grocery stores, said Bank of Montreal (BMO). The consumer price index for food purchased from stores ...

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The yearly rate -- unadjusted -- has picked up to 2.7%, more than twice as fast as that in the United States .For most of the past three years, grocery bills for Canadians were rising in line with those in the US, but a gap has opened up lately -- now 20.3% versus 16.1%, stated BMO.The culprit: the \"sagging\" Canadian dollar , which has lost 10% of its value against the \"mighty\" US dollar  in the past three years to October, pointed out the bank.The loonie's post-US election slide this month won't make the next trip to the grocery store of Canadians any more palatable, added BMO.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","USD":"ProShares Ultra Semiconductors","BMO":"蒙特利尔银行"},"translate_title":"BMO谈加拿大食品价格、加元疲软","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BMO":1,"USD":1},"content_text":"Canadian inflation is showing a pulse once again, and notably at the check-out counter of grocery stores, said Bank of Montreal (BMO). \n\n The consumer price index for food purchased from stores adjusted for seasonal variation is running at a 5.5% annualized rate in the past six months to October, the fastest since the first half of 2023, noted the bank. 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