Inflation unexpectedly surged in Canada less than three weeks after the central bank led its Group of Seven peers into rate cuts, a potential setback for policymakers as they weigh easing monetary policy further.
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Inflation in Canada unexpectedly sped up in May, clouding July rate cut chancesCanada's annual inflation rate unexpectedly accelerated to 2.9% in May, largely on higher prices for services, while key measures of core inflation edged up ...
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Canada's inflation rate increased to 2.9 per cent in May, Statistics Canada saysCanada’s annual inflation rate picked up steam in May, rising to 2.9 per cent, according to Statistics Canada.
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Economists say BoC could cut interest rates again in July if inflation keeps coolingEconomists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four years
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Economists say BoC could cut interest rates again in July if inflation keeps coolingThe Bank of Canada's decision to cut rates marked a major turning point in the central bank's fight against inflation, which reached a peak of 8.1 per cent in mid-2022.
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Economists say BoC could cut interest rates again in July if inflation keeps coolingEconomists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four years.
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Economists say BoC could cut interest rates again in July if inflation keeps coolingOTTAWA — Economists are forecasting inflation slowed further in May, which would be welcome progress for the Bank of Canada after it cut its key lending rate for the first time in four years.
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