Canada's inflation cools to three-year low boosting June rate cut bets
Canada's annual inflation rate slowed to a three-year low of 2.7% in April and core measures continued to ease, data showed on Tuesday, prompting money markets to see an increased chance of an interest rate cut in June.
![Canada's inflation cools to three-year low boosting June rate cut bets](https://www.reuters.com/resizer/v2/TMX2RRJQM5J3VN4OEAPJDC3GJI.jpg?auth=dc39dc1795bc09c28a9c4ae501284ed9db78552ed9f4ed86b0d0513848ade73b&height=1005&width=1920&quality=80&smart=true#)
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Canada's annual inflation rate slowed to a three-year low of 2.7% in April and core measures continued to ease, data showed on Tuesday, prompting money markets to see an increased chance of an interest rate cut in June.