Canadian Inflation Accelerates to 1.4% on Gasoline
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Canadian consumer prices continued to show some signs of pick up last month, Statistics Canada said Friday in a report that could bolster policy makers’ confidence inflation is trending higher from extremely low levels.
After two rate hikes since July, investors are anticipating as many as three more increases from the Bank of Canada by the end of next year on the expectation the central bank will act to quash any inflation pressures.