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  • Consumer prices in Canada rose 0.7 percent in October year-on-year, led by higher prices for food, the government reported Wednesday. This follows a 0.5 percent increase in September, Statistics Canada said. October prices increased in five of eight major components monitored by the agency, led by a sharp rise in fresh vegetable and meat. Prices for new housing also contributed to inflation with the biggest rise in 14 years due to higher demand, slim supply and a rise in costs for construction materials. The mortgage interest cost index fell 0.7 percent month-on-month in October, following a 0.5 percent decline in September. Traveler accommodation and clothing prices also posted significant declines. jl/et/oaa/dw/ft
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  • Canada prices up 0.7 percent from a year ago
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