Canada’s annual inflation rate slowed in January, serving good news for the BoC

OTTAWA – The annual inflation rate slowed more than expected in January, suggesting the Bank of Canada is likely content with its decision to pause rate hikes as price pressures continue to ease. In its consumer price index report released Tuesday, Statistics Canada said the deceleration in headline inflation to 5.9 per cent in January from 6.3 per cent in December … Continue reading Canada’s annual inflation rate slowed in January, serving good news for the BoC