Published 2 months 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.

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CTV News

Canada's inflation cools to 3-year low of 2.7%, in boost for rate cut bets

Canada's annual inflation rate slowed to a three-year low of 2.7 per cent in April, matching expectations, and core measures continued to ease, data showed on Tuesday, likely boosting chances of a June interest rate cut.

2 months ago·Canada

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CBC News

Inflation cooled to 2.7% in April as food price growth slowed

Canada's consumer price index cooled to 2.7 per cent in April, down from 2.9 per cent in March, led by a decline in the growth of food prices, Statistics Canada said Tuesday.

2 months ago·Canada

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Reuters

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.

2 months ago·United Kingdom

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Financial Post

Canada's inflation rate falls to 2.7% in April as price growth slows across economy

OTTAWA — Canada’s annual inflation rate fell to 2.7 per cent in April amid a broad-based deceleration in price growth, Statistics Canada reported Tuesday.

2 months ago·Canada

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大纪元 www.epochtimes.com

Bureau of Statistics: Canada's inflation rate fell to 2.7% in April

Statistics Canada released on Tuesday (May 21) that the inflation rate in Canada in April fell to 2.7%, lower than 2.9% in March. Food prices, service prices, and durable goods prices led to the overall inflation decline. The April inflation drop met expectations, and the core indicator continued to be loose, increasing the possibility of a rate cut by the central bank in June.

2 months ago

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The Epoch Times

Canada’s Inflation Rate Falls to 2.7% in April as Price Growth Slows Across Economy

Canada’s annual inflation rate fell to 2.7 percent in April amid a broad-based deceleration in price growth, Statistics Canada reported on May 21. The agency says the slowdown from 2.9 percent in March was led by food prices, services and durable goods. The May 21 consumer price index report bears good news for the Bank of Canada, which has been looking for a sustained decline in inflation toward its two percent target. The latest inflation figu…

2 months ago·New York, United States

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