Published • loading... • Updated
Canada's inflation cools to 3-yr low of 2.7%, in boost for rate cut bets
- Canada's annual inflation rate decreased to 2.7% in April, leading to expectations of an interest rate cut next month.
- The decline in March's 2.9% rate was driven by lower food prices, services, and durable goods, according to Statistics Canada.
- The Bank of Canada, aiming for 2% inflation, sees the report as positive for anticipating a sustained drop in inflation.
Insights by Ground AI
30 Articles
30 Articles
Canada's inflation cools to 3-yr low of 2.7%, in boost for rate cut bets
Canada's annual inflation rate slowed to a three-year low of 2.7% in April, matching expectations, and core measures continued to ease, data showed on Tuesday, likely boosting chances of a June interest rate cut.
·United Kingdom
Read Full ArticleCoverage Details
Total News Sources30
Leaning Left12Leaning Right5Center6Last UpdatedBias Distribution52% Left
Bias Distribution
- 52% of the sources lean Left
52% Left
L 52%
C 26%
R 22%
Factuality
To view factuality data please Upgrade to Premium



















