Odds of a jumbo rate cut inch up, as inflation reaches lowest level since February 2021
Canada's annual inflation rate slowed to 2 per cent in August, landing on the Bank of Canada's 2 per cent target and leaving the door open for more aggressive interest rate cuts. The easing in the Consumer Price Index (CPI) marks the slowest annual pace of price increases since February 2021. Analysts polled by Reuters had expected the Consumer Price Index (CPI) to cool to 2.1 per cent from 2.5 per cent in July. The Bank of Canada's...
Canada's annual inflation rate slowed to 2 per cent in August, landing on the Bank of Canada's 2 per cent target and leaving the door open for more aggressive interest rate cuts. The easing in the Consumer Price Index (CPI) marks the slowest annual pace of price increases since February 2021. Analysts polled by Reuters had expected the Consumer Price Index (CPI) to cool to 2.1 per cent from 2.5 per cent in July. The Bank of Canada's...
