Canadian Inflation Slows in January Assuring a Rate Pause At March 8 BoC Meeting
Posted by: Danny Benjamin
Canadian inflation decelerated meaningfully in January despite the continued strength in the economy. Labour markets remain very tight, and retail sales continue strong. Nevertheless, the Bank of Canada’s jumbo rate hikes over the past eleven months have tempered inflation from a June ’22 peak of 8.1% y/y to 5.9% in January. The 3-month average growth […]
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