Canadian Inflation Holds Steady at 1.9%, Core Measures Inch Up

Canadian consumer prices continued to hold steady in a tight range around the Bank of Canada’s inflation target, giving policy makers one less reason to consider immediate interest rate cuts.

Annual inflation in September was unchanged at 1.9%, Statistics Canada reported Wednesday. That was below economist expectations for a 2.1% reading. Underlying price pressures -- as measured by core inflation -- ticked up slightly to 2.1% from 2% in August.