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Canada CPI Accelerates to 6.7% in March
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wsj.comOTTAWA—Canada’s annual inflation rate accelerated in March, exceeding market expectations to reach a fresh three-decade high and prompting analysts to suggest another big interest-rate rise could be in the offing in June.
Canada’s consumer-price index advanced 6.7% on a year-over-year basis in March, Statistics Canada said Wednesday, versus a 5.7% rise in the previous month. Market expectations were for inflation to reach 6.1% in March, according to economists at TD Securities.
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