Canada inflation rate tumbles to near five-year low as gas prices slump [Reuters]
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Source: Reuters
Canada inflation rate tumbles to near five-year low as gas prices slump OTTAWA (Reuters) - Canada’s annual inflation rate tumbled to a near five-year low in March as gas prices plunged while analysts said the relevance of future data could be affected because of disruption caused by the coronavirus outbreak. Statistics Canada said on Wednesday that the annual rate plunged to 0.9% from 2.2% in February as the COVID-19 outbreak and an oil supply war hammered the energy sector. Analysts in a Reuters poll had forecast a rate of 1.2% in March. Excluding gasoline prices, the annual inflation rate was 1.7% in March. “A sharp contraction in March that was more pronounced than expected but not a shock given the severe impact on the economy of stay-at-home orders and the tumble in oil prices,” said Ryan Brecht, a senior economist at Actions Economics. The rate was the lowest since the 0.9% registered in May 2015. The Bank of Canada last week said overall inflation was likely to drop to around 0
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- 2 Top Canadian Dividend Stocks to Buy On a Pullback [Yahoo! Finance Canada]Yahoo! Finance Canada
- Inflation numbers leave economists split on whether Bank of Canada should hold or cut interest rates [Yahoo! Finance Canada]Yahoo! Finance Canada
- Bank of Montreal (TSE:BMO) Will Pay A Larger Dividend Than Last Year At CA$1.67 [Yahoo! Finance]Yahoo! Finance
- Canadian Banc Corp. Completes Overnight Offering of $103,200,000 [Yahoo! Finance]Yahoo! Finance
- Five US Banks BMO Could Acquire: Raymond James [Yahoo! Finance]Yahoo! Finance
BMO
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BMO
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- 1/20/26 - Form FWP
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- 1/20/26 - Form FWP
- BMO's page on the SEC website