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Country Focus

Canada: Hot Headline, Cooling Core

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Expect 1-2 additional BoC cuts in 2026 as core inflation eases and the economy stabilizes at a weak level. Canadian December CPI came in slightly above expectations, with headline inflation rising to 2.4% y/y from 2.2%, but the upside surprise reflects…

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