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Inflation Slows as Gas Prices Drop | Ottawa News
Description
Inflation cooled to 2.8% in June, down from 3.2% in May, thanks largely to cheaper gas prices — a welcome relief. The Bank of Canada, holding rates steady at 2.25% for six straight meetings, is watching closely as this dip offers a hopeful sign their efforts to keep inflation between 1% and 3% are starting to pay off. But with a delicate balancing act ahead — controlling prices without crushing growth — the real test is whether this slowdown sticks or just takes a breather.
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