Canada Core CPI Pickup Could Push BOC Into Pause Camp -- Market Talk

Dow Jones

03/18

0907 ET - Canada inflation came in hotter than anticipated, at 2.6% in February. The Bank of Canada had expected prices to rise 2.5% in March due to the end of a sales-tax holiday. Of more importance for BOC are the two key gauges of core, or underlying inflation accelerating to 2.9%, or just below the top end of its inflation-targeting range. Given BOC worries about the impact of hefty US tariffs on inflation, February's data might push BOC to the pause camp in April.(Paul.Vieira@wsj.com, @paulvieira)

(END) Dow Jones Newswires

March 18, 2025 09:07 ET (13:07 GMT)

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