Canadian inflation rate unexpectedly eases to 2.8% in February
By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada's annual inflation rate in February unexpectedly cooled to 2.8%, its slowest pace since June, and core inflation measures eased to more-than two-year lows, data showed on Tuesday, raising expectations of a mid-year rate cut. Analysts polled by Reuters had forecast inflation to accelerate to 3.1% from 2.9% in January. On the month,
By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada's annual inflation rate in February unexpectedly cooled to 2.8%, its slowest pace since June, and core inflation measures eased to more-than two-year lows, data showed on Tuesday, raising expectations of a mid-year rate cut. Analysts polled by Reuters had forecast inflation to accelerate to 3.1% from 2.9% in January. On the month,
