Canada's inflation rate jumps back to 2%, likely curbing large rate-cut bets
- Canada's annual inflation rate rose to 2% in October, up from 1.6% in September, according to Statistics Canada.
- This increase in inflation may reduce the likelihood of a large rate cut by the Bank of Canada in December.
- The Bank of Canada has previously lowered its policy rate by 125 basis points over four meetings, including a 50 basis point cut in October.
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Leaning Left23Leaning Right5Center5Last UpdatedBias Distribution70% Left
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L 70%
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15%
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