Canada Inflation Slowest Since Sep. on Carbon Tax End
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The headline figure, however, concealed a bundle of sharply higher prices on food, cars and rent, and adds to a raft of crosscurrents facing central bank policymakers.
OTTAWA--Inflation in Canada cooled sharply in April with the scrapping of the consumer carbon tax, though that masked the price pressures households faced and which complicate the Bank of Canada's ...
The Canadian dollar strengthened against its U.S. counterpart on Tuesday as investors slashed bets on a Bank of Canada interest rate cut next month after domestic data showed underlying inflation heating up.
Canada’s annual rate of inflation slowed to 1.7 per cent in April, Statistics Canada reported on Tuesday, down from 2.3 per cent in March.