Canada's inflation rate ticks up to 2.9% in March amid higher gas prices, boosting June rate cut bets
Canada’s annual inflation rate ticked up to 2.9 per cent in March, while measures of core inflation cooled, reinforcing the possibility of a June rate for the Bank of Canada. Statistics Canada said on Tuesday that higher gas prices contributed most to the slight increase, as prices jumped 4.5 per cent year-over-year in March. Excluding gasoline, the Consumer Price Index (CPI) increased 2.8 per cent. On a monthly basis, CPI increased 0.6 per cent...
Canada’s annual inflation rate ticked up to 2.9 per cent in March, while measures of core inflation cooled, reinforcing the possibility of a June rate for the Bank of Canada. Statistics Canada said on Tuesday that higher gas prices contributed most to the slight increase, as prices jumped 4.5 per cent year-over-year in March. Excluding gasoline, the Consumer Price Index (CPI) increased 2.8 per cent. On a monthly basis, CPI increased 0.6 per cent...
