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Inflation Peaks Then Eases Amid Global Shifts | Montreal News
Description
The Bank of Canada’s latest data reveals a tense economic landscape: Middle East conflict spiked inflation fears, but AI-driven exports and rising commodities are offering hope. Businesses are bracing for recession, consumers are tightening belts, and inflation expectations—peaked in April—are now cooling after a June peace deal. With oil prices falling, the central bank is likely to hold rates steady, caught between boosting growth and taming inflation.
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