Forward Guidance: Inflation to Cool as Economy Slows

Canadian inflation is falling further from its summer peak. CPI growth likely edged down to 6.7% year-over-year. Though that’s still very high, it nevertheless marks another drop below the measure’s 8.1% peak in June. Easing global inflation pressures have been behind much of that deceleration. Gas prices declined again in November, dropping 4% from October. […]

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