August 2021

Canada’s updated CPI basket shows higher weighting for housing

Canada’s national statistics firm on Wednesday revealed new weights for the basket of goods and facilities in the Consumer Price Index (CPI), with adjustments adding a higher weighting for the housing component as space costs rise. in 2020, the coronavirus pandemic, and will be incorporated into the June 2021 CPI, said Statistics Canada. The CPI provides information on inflation and is infrequently used to help calculate wage increases.

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The U. S. Treasury U. S. Cuts third quarter debt estimate

The U. S. Treasury announced Monday that it planned to borrow $673 billion in the third quarter, less than May’s estimate of $821 billion, due to a higher balance at the start of the quarter and a decline in spending. a balance of money due in September of $750 billion, the Treasury said in a statement. The Treasury has issued its issuance since February, when it cut its debt forecasts for the first and final quarters as a component of a plan for its money balance.

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