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Canadian Inflation Cooled Where It Mattered Most in December - Integrated Mortgage Planners
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Canadian Inflation Cooled Where It Mattered Most in December - Integrated Mortgage Planners
Last week Statistics Canada confirmed that our headline Consumer Price Index (CPI) increased by 2.4% on an annualized basis, up from 2.2% in November. Market watchers had expected an increase last month due to a headwind from base effects, which can occur when prices from a year ago roll out of our CPI data set. (Our CPI only measures price changes over the most recent twelve months on a rolling basis). In this case, the base-effect lift was cau…
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