Canadian Inflation Falls to 2.9% in January, Boosting Rate Cut Prospects
In January, Canada’s Inflation Rate dropped to 2.9%, Enhancing the Likelihood of Interest Rate Reductions. In January, the year-over-year increase in the Consumer Price Index (CPI) was recorded at 2.9%, a notable decrease from the 3.4% rate observed in December. A significant factor in this slowdown was the 4% year-over-year drop in gasoline prices, a […]