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Published

Canada's inflation cools to 2% in Aug, reaches central bank's target

  • Inflation in Canada reached the Bank of Canada's 2% target in August, easing concerns over rising prices according to Statistics Canada.
  • Many Canadians anticipate potential interest rate cuts by 50 basis points in October following this news.
  • Bank of Canada Governor Tiff Macklem indicated that further rate cuts are possible if easing inflation persists.
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