Canada S April Inflation Drop Boosts Chances Of June Rate Cut South Canada’s inflation rate dropped to 2.7% in april, fueled by a decrease in food, service, and durable goods prices. this news increases the likelihood of an interest rate cut by the bank of canada as early as next month. the central bank has been aiming for a sustained decrease in inflation to reach its 2% target. The april inflation figures come a little more than two weeks before the bank of canada is set to make its next interest rate decision on june 4. the central bank held its policy rate steady at 2.75% last month, saying it needed more time to see how canada’s trade war with the united states was affecting the economy.
Canada Inflation Rises To Near 40 Year High Money markets increased bets for a rate cut in june to around 50 per cent, up from 39 per cent before the data was released. "today's data should have provided the all clear on the inflation front that the bank of canada needed to start cutting interest rates in june," cibc economist andrew grantham wrote in a research note on tuesday. April's inflation report is the final reading the bank of canada will get on price pressures ahead of its next interest rate decision on june 5. The latest on inflation in canada canada’s annual inflation rate slowed to 2.7 per cent in april, matching analyst expectations and bolstering the case for the bank of canada to start cutting. Canada’s labor market just sent a strong signal to policymakers—and it’s one the bank of canada (boc) is unlikely to ignore. with unemployment jumping to 6.9% in april 2025, the highest level outside the pandemic since 2017, many economists now believe a boc interest rate cut in june is all but certain.
Eurozone April Inflation Will It Confirm A June Rate Cut The latest on inflation in canada canada’s annual inflation rate slowed to 2.7 per cent in april, matching analyst expectations and bolstering the case for the bank of canada to start cutting. Canada’s labor market just sent a strong signal to policymakers—and it’s one the bank of canada (boc) is unlikely to ignore. with unemployment jumping to 6.9% in april 2025, the highest level outside the pandemic since 2017, many economists now believe a boc interest rate cut in june is all but certain. The april inflation figures come a little more than two weeks before the bank of canada is set to make its next interest rate decision on june 4. Traders are scaling back expectations for an imminent interest rate cut from the bank of canada following april’s inflation report, which revealed persistent core price pressures despite a drop.
Canada S Inflation Rate Falls To 2 7 In April Driving Up Odds Of June The april inflation figures come a little more than two weeks before the bank of canada is set to make its next interest rate decision on june 4. Traders are scaling back expectations for an imminent interest rate cut from the bank of canada following april’s inflation report, which revealed persistent core price pressures despite a drop.
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