Josh Nye, senior economist at RBC Economics Research, notes that the Canada’s headline CPI edged up to 1.5% year-over-year from 1.4% in January, slightly ahead of market expectations.
Key Quotes
“The BoC’s core inflation measures were little changed, though the average dipped to 1.8% after rounding. After rising to 2% in early-2018, these measures have shown little upward momentum””consistent with the economy reaching capacity but not going much beyond its limits.”
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