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Canada's annual inflation rate ticks up to 1.9 per cent in January, raising odds of a BoC pause in March

By Yahoo! Finance   |   1 month ago
Canada's annual inflation rate ticks up to 1.9 per cent in January, raising odds of a BoC pause in March

Canada's inflation rate rose to 1.9% in January despite the temporary GST/HST tax break. Core inflation also increased, leading to reduced expectations for a Bank of Canada rate cut in March. Energy prices drove the rise, offset by the tax break's impact on certain CPI components.

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