Insights and Stories of Promit Mukherjee

Apr. 15, 2025 at 10:01 am CDT

Canada's annual inflation surprisingly slowed in March to 2.3 per cent, three notches below the prior month, largely helped by lower gasoline and travel tour prices, data showed on Tuesday.

By Promit Mukherjee, Reuters

Mar. 6, 2025 at 10:56 am CST

Canada will continue to be in a trade war with the United States for the foreseeable future, Prime Minister Justin Trudeau said on Thursday, a day after what he called a "colorful" call with President Donald Trump.

By David Ljunggren, Promit Mukherjee, Reuters

Dec. 17, 2024 at 10:09 am CST

Canada's annual inflation rate unexpectedly dropped by a tick to 1.9 per cent in November, driven by a broad-based slowdown in prices, while the consumer price index was unchanged on a monthly basis, data showed on Tuesday.

By Ismail Shakil, Promit Mukherjee, Reuters

Nov. 26, 2024 at 10:42 am CST

The Bank of Canada said on Tuesday that if U.S. President-elect Donald Trump follows through on his threat of tariffs on Canada, it would have an impact on both economies and the central bank would incorporate those into its economic forecasts.

By David Ljunggren, Promit Mukherjee, Reuters

Oct. 23, 2024 at 9:12 am CDT

The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75 per cent, its first bigger-than-usual move in more than four years, and hailed signs the country has returned to an era of low inflation.

By David Ljunggren, Promit Mukherjee, Reuters