Get access to our best features
Get access to our best features
Published 1 month ago

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
Does this summary seem wrong?

0 Articles

All
Left
Center
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 35% of the sources lean Left, 35% of the sources are Center
39% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)