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Canada’s Inflation Rises to 3 Percent | Ottawa News
Published 2 days, 9 hours ago
Description
Canada’s inflation jumped to 3% in July, surprising economists who expected closer to 2.9%, fueled mainly by rising gas prices tied to global oil market volatility. With the Bank of Canada aiming for a 1-3% target range, this uptick is under close watch—especially as they prepare to review interest rates on September 2nd, potentially signaling a key economic move.
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