Global Markets: Canadian inflation rate slows

By Commodity News Service Canada

WINNIPEG, Oct. 19 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Canada’s annual rate of inflation slowed to 2.2 per cent in September, from 2.8 per cent the previous month, according to a report from Statistics Canada. The decline came as a surprise to many analysts, as average pre-report expectations had been for a much smaller dip in the inflation rate.

– China’s economy grew at a pace of 6.5 per cent during the latest quarter, marking its slowest quarterly growth in nearly a decade. However, the reading was in line with the government’s target.

– Former Progressive Conservative Prime Minister Brian Mulroney who once introduced a bill against marijuana has changed his views over the years and is now on board with the current Liberal government’s recent move to legalize cannabis, according to a recent interview. It was announced Thursday that Mulroney is joining the board of New York-based marijuana company Acreage Holdings.

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