The move higher follows a decision by the bank of canada, which targets an annual inflation rate of two per cent, to cut its benchmark interest rate by a quarter of a. The bank of canada is easing its policy stance as the economy shows signs of recovery, and after lowering the interest rate to 4.75% in june, another cut is expected.
Statistics canada will release may inflation data on tuesday and if the numbers show price growth continued to cool as many economists believe, it could ease. The move higher follows a decision by the bank of canada, which targets an annual inflation rate of two per cent, to cut its benchmark interest rate by a quarter of a.
The Bank Of Canada Is Easing Its Policy Stance As The Economy Shows Signs Of Recovery, And After Lowering The Interest Rate To 4.75% In June, Another Cut Is Expected.
Statistics canada will release may inflation data on tuesday and if the numbers show price growth continued to cool as many economists believe, it could ease.
Bmo And Td Are Forecasting Canada's Annual Inflation Rate Slowed To 2.6 And 2.5 Per Cent,.
Inflation jumped to 2.9 per cent in may, up from a 2.7 per cent reading in april and above the consensus estimate of 2.6 per cent.
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This Rise In Headline Inflation Was Largely Due To.
Bmo and td are forecasting canada's annual inflation rate slowed to 2.6 and 2.5 per cent,.
Inflation Jumped To 2.9 Per Cent In May, Up From A 2.7 Per Cent Reading In April And Above The Consensus Estimate Of 2.6 Per Cent.
For growth and the creation of more jobs even as the inflation rate.