Reported about 6 hours ago
In April, Canada's annual inflation rate fell to 1.7% due to decreased energy prices, but core inflation measures have increased, complicating decisions for the Bank of Canada. The overall inflation rate decreased from 2.3% in March after the removal of a federal carbon tax, but core measures like the CPI median rose to a 13-month high. Analysts speculate that while a rate cut seemed probable before, the rising core inflation could deter the Bank from changing rates, creating a challenging scenario as they prepare for a decision on June 4.
Source: YAHOO