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Country Focus

Canadian Inflation Distorted By Tax Break Expiry

by Felix-Antoine Vezina-Poirier, Chief Strategist  

February Canadian headline inflation was stronger than expected, rising to 2.6% y/y from 1.9% in January. The Bank of Canada’s core measures were also slightly hotter than expected, both rising to 2.9% from 2.7% a month prior, near the top of the BoC’s 1%-to…

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