Inflation Drops to 1.2% in May, Reducing Likelihood of Rate Hike
Prices increased 1.2 percent in the 12 months leading up to May, a drop of 0.8 percent from the annual inflation rate in April, according to a report released by Statistics Canada today, a development that could keep interest rates low and help shore up housing prices in the near term. The slowdown in inflation was due primarily to declines […]
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