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Country Focus

Canada: Weak Growth and Soft CPI Point to More BoC Easing Ahead

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Canadian inflation stayed contained in August, reinforcing expectations for BoC easing and supporting overweight bonds and CAD steepeners. Headline CPI edged up to 1.9% y/y from 1.7% on gasoline prices, while CPI ex-gasoline slowed to 2.4% and CPI ex-mortgage…

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