Canada’s CPI jumped sharply from 1.9% yoy to 2.6% yoy in February, exceeding market expectations of 2.1%. This marks the first time in seven months that inflation has risen above the 2% mid-point of BoC’s target range. A key driver of the surge was the expiration of a sales tax break in mid-February, which added […]
The post Canada’s CPI surges to 2.6%, growing chance for BoC pause at next meeting appeared first on Action Forex.