Ottawa, Nov 19, 2024 (AFP) - Canada inflation hovers at 2%, more rate cuts expected

NAMPA / AFP

2024-11-19

Canada's inflation rate was two percent year-on-year in October, the country's statistics agency said Tuesday, a figure in line with the central bank's targets and likely to set up another interest rate cut. Data from Statistics Canada showed inflation had nudged higher compared to September, when annual inflation was 1.6 percent. The October data, which was consistent with analyst expectations, showed grocery prices were up 2.7 percent and shel......

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