Canada’s inflation rate slowed to 3.1% in October, but rents surge
Bank of Canada unlikely to raise interest rates and will start cutting them next year, analysts predict
![Canada’s inflation rate slowed to 3.1% in October, but rents surge](https://www.theglobeandmail.com/resizer/v2/RGJMRRL2QZBANOGIA2CPDNFGAM.jpg?auth=e281956dcf672160fac58661231f4068ed2320780eec40aca9bdb4af6795de1e&width=560&quality=80#)
![](https://www.theglobeandmail.com/resizer/v2/RGJMRRL2QZBANOGIA2CPDNFGAM.jpg?auth=e281956dcf672160fac58661231f4068ed2320780eec40aca9bdb4af6795de1e&width=560&quality=80)
Bank of Canada unlikely to raise interest rates and will start cutting them next year, analysts predict