Easing Headline Inflation Will Not Derail The BoC
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Canadian headline inflation rose at a slower 7.6% y/y (0.1% m/m) pace in July, down from 8.1% y/y (0.7% m/m) in June. Decelerating gasoline prices were the main contributor to easing inflation. Excluding gasoline, CPI rose 6.6% y/y from 6.5% y/y in June. Core…
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