The likelihood of a 0.50% (i.e. key interest rate = 3.75%) interest rate cut by the bank of Canada on 10/23/24 became likely yesterday (i.e. 10/15/24) after Stats Canada reported annual inflation @ 1.6% in September; 0.40% below the central bank target.
While home, rent and food prices continue to creep higher, lower gasoline prices are the main contributor to slowing inflation.
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