Canada March CPI edges up; easing core inflation keeps June rate cut hopes alive
By Ismail Shakil OTTAWA (Reuters) -Canada's annual inflation rate ticked up as expected to 2.9% in March, but the central bank's closely-watched measures of underlying price pressures eased for a third straight month, data showed on Tuesday, reviving bets for a June rate cut. The acceleration in headline inflation, which matched the median forecast of analysts polled by Reuters, was driven by
By Ismail Shakil OTTAWA (Reuters) -Canada's annual inflation rate ticked up as expected to 2.9% in March, but the central bank's closely-watched measures of underlying price pressures eased for a third straight month, data showed on Tuesday, reviving bets for a June rate cut. The acceleration in headline inflation, which matched the median forecast of analysts polled by Reuters, was driven by
