Canada: Core CPI at target, BoC to rise rates in July – ING

James Knightley, Senior Economist at ING, explained that they see the Bank of Canada rising rates in July as today’s data showed average core inflation up in April to the bank’s 2% target. Key Quotes: “Headline inflation for April came in at 2.2% year-on-year, below expectations and last month’s reading, following a slowdown in travel […]

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