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In Money
Money • Inflation
G7 leaders agreed to coordinate a 100 million barrel energy stock release through the International Energy Agency over four months, including substantial diesel supplies in the first 20 days, alongside refinery coordination and measures aimed at improving energy market stability.
Money
Canada’s annual inflation rate was 3.0% in August, unchanged from July, as slower gasoline-price growth was offset by higher travel-tour and rent prices. The reading keeps household costs and the Bank of Canada’s policy outlook in focus after it held its overnight-rate target at 2.25% on September 2.
Money
Canada recorded a merchandise trade surplus for the fifth consecutive month in July, although the balance narrowed sharply from June. The latest figures show stronger trade with countries outside the United States, even as Canada-U.S. trade weakened during the month, Statistics Canada said.
