Canada's inflation rate slows and bolsters bets on early rate cut
By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada's annual inflation rate slowed significantly more than expected to 2.9% in January and core price measures also eased, data showed on Tuesday, bringing forward bets for an early interest rate cut. It was the first time in seven months that headline inflation has dipped below 3%. That prompted money markets to hike bets for a rate cut
By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada's annual inflation rate slowed significantly more than expected to 2.9% in January and core price measures also eased, data showed on Tuesday, bringing forward bets for an early interest rate cut. It was the first time in seven months that headline inflation has dipped below 3%. That prompted money markets to hike bets for a rate cut
