2024-12-17 22:31
IndustriCanada Inflation Cools, Supporting Rate Cut Pause
Canada's inflation slowed to 1.9% in November, below the BoC's 2% target, providing cover for policymakers after aggressive rate cuts this year. The core inflation 3-month average rose to 3.3%, signaling lingering price pressures.
With inflation moderating and fiscal uncertainty following the finance minister's resignation, the BoC may adopt a slower pace of easing in 2024. Markets now eye the next rate decision on Jan 29 for fresh policy signals.
#Forex #CAD #BoC #InterestRates
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Canada Inflation Cools, Supporting Rate Cut Pause
| 2024-12-17 22:31Canada's inflation slowed to 1.9% in November, below the BoC's 2% target, providing cover for policymakers after aggressive rate cuts this year. The core inflation 3-month average rose to 3.3%, signaling lingering price pressures.
With inflation moderating and fiscal uncertainty following the finance minister's resignation, the BoC may adopt a slower pace of easing in 2024. Markets now eye the next rate decision on Jan 29 for fresh policy signals.
#Forex #CAD #BoC #InterestRates
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