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Global Markets: Canadian inflation rate dips

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Published: December 17, 2024

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.

 

  • Canada’s annual rate of inflation dipped to 1.9 per cent in November from 2.0 per cent the previous month, Statistics Canada reported. The slight slowdown in prices surprised market participants, with pre-report expectations calling for a steady reading on the month.

 

  • A top Russian general was reportedly killed by a bomb hidden in a scooter in Moscow. Ukraine’s secret service has claimed responsibility for the death of Lieutenant General Igor Kirillov, chief of the Russian military’s nuclear, biological and chemical protection forces. Kirillov’s assistant also died in the attack.

 

  • Canada Post employees are returning to work Tuesday, with delays expected as the backlog from the month-long strike is worked through. Mail and parcels will be delivered on a ‘first-in, first-out basis,’ with new commercial mail to start being accepted on Thursday.

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