Canada Inflation Ticks Up to 2.9% on Higher Gas Prices [Financial Post (Toronto, Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Financial Post
progress, keeping the central bank on track to pivot to easier policy as early as June or July. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Canadian consumer prices reaccelerated slightly as expected due to higher gasoline prices, while core metrics showed further disinflation progress, keeping the central bank on track to pivot to easier policy as early as June or July. The consumer price index rose 2.9% in March from a year ago, up from a 2.8% increase a month earlier, Statistics Canada reported Tuesday in Ottawa. That matched the median estimate in a Bloomberg survey. Excluding gasoline, the index slowed to 2.8% from a year ago, down from 2.9% in February. Article content Article content On a monthly basis, the index climbed 0.6% on broad-based price growth, versus 0.7% expectations, and rose 0.3% on a seasonally adjusted basis. Gauges of underlying price pressures eased, however. A
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