Canada Inflation Quickens to 2.9%, Raising Bar for July Cut
Inflation unexpectedly surged in Canada, a setback for policymakers as they weigh further interest rate cuts next month. The consumer price index rose 2.9% in May from a year ago, up from 2.7% a month earlier, primarily due to higher prices for services, Statistics Canada reported Tuesday in ...
Inflation unexpectedly surged in Canada, a setback for policymakers as they weigh further interest rate cuts next month. The consumer price index rose 2.9% in May from a year ago, up from 2.7% a month earlier, primarily due to higher prices for services, Statistics Canada reported Tuesday in ...
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