Here are five things you need to know this morning.
The U.S. inflation rate cooled to 2.5 per cent in August. The figure was a significant slowdown from July’s pace, but in line with economist expectations. The headline rate is now at its lowest level since March 2021. The core rate, which strips out volatile items like food and energy, came in at 3.2 per cent, also in line with expectations. But on a monthly basis, the core rate ticked up 0.3 per cent. That’s the most in four months.Profit grew by more than expected at Dollarama last quarter.
premarket this morning, numbers which showed net income rose by 16 per cent to just over $285 million. Same-store sales grew by almost five per cent, ahead of analyst expectations but a significant slowdown from the previous pace., citing recent labour uncertainty and the impact of Alberta wildfires for an expected slowdown in profits.
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