Canada inflation decelerates to 2.7%, core measures sticky
Inflation in Canada is decelerating again, giving the Bank of Canada leeway to cut interest rates next week. The consumer price index (CPI) rose 2.7% in June from a year ago, slowing from a 2.9% pace in May, Statistics Canada reported on Tuesday in Ottawa. That matched the median estimate of a Bloomberg survey of economists.
Inflation in Canada is decelerating again, giving the Bank of Canada leeway to cut interest rates next week.
The consumer price index (CPI) rose 2.7% in June from a year ago, slowing from a 2.9% pace in May, Statistics Canada reported on Tuesday in Ottawa. That matched the median estimate of a Bloomberg survey of economists.
