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Headline CPI inflation edged lower in July to 2.5% year-on-year (y/y), right on consensus expectations. This was the lowest reading since March 2021. The deceleration was driven by base year effects (lower price growth relative to last July) for items like travel tours (-2.8% y/y), passenger vehicles (-1.4% y/y) and electricity (-0.8% y/y). Offsetting this […]

The post Canadian Inflation Eases Further Towards BoC’s Target appeared first on Action Forex.

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04/09/2024

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