[ad_1]
Underlying price pressures in Canada remain well above the 2% midpoint of the Bank of Canada’s inflation target range, but Capital Economics economist Stephen Brown sees reasons to expect disinflationary forces to build. He forecasts that Canada’s consumer-price index, excluding food and energy, will ease to 2% at the end of 2023, though the central bank’s preferred trim and median measures probably won’t reach 2% until mid-2024. That won’t prevent the central bank from starting to cut interest rates in October, Mr. Brown says.
…
[ad_2]
Source link
