0954 ET - Canada's February inflation report is a messy affair, says Oxford Economics, citing the end of a two-month national sales tax holiday at mid-month. Regardless, Oxford says there are signs that inflationary pressure has picked up. It cites a gauge of CPI excluding indirect taxes and other volatile components, which rose 2.7% in February. And short-term core inflation that excludes food and energy has been climbing despite the national sales-tax exemption. Oxford says it expects the Bank of Canada to hold rates steady in April, at 2.75%, to guard against upside risks to inflation from tariffs, supply-chain issues, and rising inflation expectations. BOC sets rates to achieve 2% inflation. (paul.vieira@wsj.com, @paulvieira)
(END) Dow Jones Newswires
March 18, 2025 09:54 ET (13:54 GMT)
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