This is an important final data point ahead of Wednesday's Bank of Canada rate decision. Ahead of the data, the market was pricing in a 60% chance of a hold and a 40% chance of a cut. That's shifted to 50/50.
Macklem signalled that they were going to be more-patient in cutting rates but this data point gives them the greenlight to cut or signal that a cut will be coming in June.
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Finally We wish PressBee provided you with enough information of ( Canada March CPI +2.3% y/y vs +2.6% expected )
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