Canada's cooling June inflation makes rate cut next week increasingly likely
By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada's slower-than-expected rise in consumer prices in June has firmed up expectations that yet another rate cut by the Bank of Canada is coming next week, extending some more relief to home owners and indebted businesses. The annual inflation rate cooled a tick more than expected to 2.7% in June and the BoC's closely tracked core
By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada's slower-than-expected rise in consumer prices in June has firmed up expectations that yet another rate cut by the Bank of Canada is coming next week, extending some more relief to home owners and indebted businesses. The annual inflation rate cooled a tick more than expected to 2.7% in June and the BoC's closely tracked core
