1012 ET - Strong momentum in Canada's core inflation will give the Bank of Canada "some pause" in upcoming deliberations, says Robert Both, strategist at TD Securities. Short-term gauges of core CPI rose above 3%, or above the BOC's 1% to 3% range. Both says the firm doesn't believe the pick up in core is enough to stop a quarter-point rate cut in late January, given slack in the labor market. Further, trade policy -- and whether President-elect Trump slaps a 25% tariff on Canadian imports -- could prove more pressing for BOC policymakers. (paul.vieira@wsj.com, @paulvieira)
(END) Dow Jones Newswires
December 17, 2024 10:12 ET (15:12 GMT)
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