The Numbers
Canadian Inflation: Slowing, But Not Enough To Calm The BoC
Canadian inflation slowed in May, slowing to 3.4% on a year-over-year basis from 4.4% in April. This matched market expectations, with the monthly increase of 0.4% (versus 0.7% in April), slightly lower than the 0.5% consensus forecast. The year-over…
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