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Weekly Commentary

Inflation Also Continues to Rise in Canada

November 19, 2021
Jimmy Jean • Benoit P. Durocher • Francis Généreux • Lorenzo Tessier-Moreau • Hendrix Vachon

KEY STATISTICS OF THE WEEK :

  • United States: Sales and industrial production saw strong increases in October.
  • U.S. housing starts fell last month.
  • Canada: The total annual inflation rate climbed to 4.7% in October.
  • Canada: Housing starts are still declining, but sales of existing properties are holding steady.
  • Canada: September saw a drop in manufacturing and retail sales.

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