Lack of inflation in Edmonton changes interest rate prediction
New data out Monday shows inflation is tailing off. The inflation rate year over year for November is 2 % down from 2.8 % in October. The reason, while gas and electricity costs are down, higher rental rates for apartments offset that. "The good news is with lower oil prices and lower inflation the Bank of Canada is not going to be as keen to raise interest rates," said city economist John Rose. "I was expecting if you'd asked me three months ago when was the Bank of Canada going to raise interest...