Canada’s inflation rate slowed to 2.7% in April, boosting bets for June rate cut

Canada inflation ticks lower to 2.7%

OTTAWA — Inflation in Canada fell to 2.7 percent in April, its lowest level in several years, the government statistical agency said Tuesday, increasing the prospects of an interest rate cut soon. The figure was down from 2.9 percent in March and marks the fourth month in a row that the Consumer Price Index has come in below the upper end of the Bank of Canada’s 1.0-3.0 percent target range. This “persistently softer economic backdrop,” which ha…

Canada’s inflation rate slowed to 2.7% in April, boosting bets for June rate cut

The latest inflation figures could ultimately persuade the Bank of Canada to cut interest rates at the next decision on June 5

Canada's inflation dipped to 2.7% in month of April

Hamilton, Halton, Niagara and area news from CHCH - Hamilton, Halton, and Niagara news.. Statistics Canada released its Consumer Price Index report for April this week, and the numbers show a two-point drop since the last figure was announced. In March, Canada’s inflation rate was sitting at 2.9 per cent. Statistics Canada reported that the two-point year-over-year change to the consumer price index (CPI) was led by a deceleration in food prices…