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Country Focus

Canada Inflation: Still Looking Through

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Canadian April inflation came in cooler than estimates, giving the Bank of Canada some reassurance even as headline CPI accelerated. Headline inflation rose to 2.8% y/y from 2.4%, but came in below the 3.1% consensus. Both of the Bank of Canada’s preferred…

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