Business
Canada Inflation Cooled in February
OTTAWA—Inflation in Canada eased off in February to a nine-month low and fell back below the Bank of Canada’s target, a break for consumer wallets ahead of a likely acceleration as the conflict in the Middle East lifts energy costs and clouds the outlook.
The consumer-price index rose 1.8% from a year earlier, the national statistics agency said Monday. That was a tick slower than the 1.9% inflation economists had expected after the pace dipped to 2.3% the month before.
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