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27.06.2023 / 14:55

Inflation rate dropped to 3.4% in May. What that means for the Bank of Canada

The annual rate of inflation dropped sharply last month, but some economists argue a slowdown might not be enough to deter the Bank of Canada from another rate hike in July.

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The loonie is at a nearly 2-year low. What does that mean for inflation?

As Canada’s loonie falters against the surging U.S. dollar, experts say the effect could worsen inflation on some goods imported from south of the border.

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