Inflation surprised economists decelerating faster than expected in February giving the Bank of Canada more breathing room on rates. Read on
Randall Bartlett, Desjardins Economics
“The goods news is that inflation continues to decelerate. The bad news is it’s the result of lower commodity prices, as core CPI remained sticky in February by several measures. This may put the Bank in a bit of a tough spot, as the labour market remained tight and wage growth reaccelerated in February, whereas real GDP growth looks set to pick up at the start of 2023.
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