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Country Focus

Canada: Sticky Core, But Price Pressures Are Easing

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Canadian inflation cooled less than expected in October, reinforcing the BoC’s short-term pause but signaling scope for lower yields ahead. Headline CPI rose 2.2% y/y, slowing from 2.4%, with gasoline prices driving the decline. Excluding gasoline, CPI rose 2…

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