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Inflation cooled to 2.3% in March as gas prices fell: StatCan [Video]

Canadian Economy and Markets

Post author By Curator
Post date April 16, 2025

A customer shops at T&T Supermarket’s location in Toronto’s Fairview Mall, Friday, Nov. 28, 2024.

Chris Young/The Canadian Press

By Craig Lord The Canadian Press

OTTAWA – A surprise slowdown in inflation last month has turned the Bank of Canada’s interest rate decision on Wednesday into a coin toss, with some economists leaning toward a hold and others saying a cut is warranted.

The annual rate of inflation slowed to 2.3 per cent in March, Statistics Canada said Tuesday, down from 2.6 per cent in February.

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