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Canadian Inflation Trends and USD/CAD Outlook Ahead of BOC Rate Decision
Canada’s April inflation report arrives today, setting the stage for the Bank of Canada’s next rate decision amid easing price pressures...
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Last updated: Wednesday, June 4, 2025
Quick overview
- Canada's April inflation report is set to be released today, influencing the Bank of Canada's upcoming interest rate decision on June 4.
- March's CPI showed a year-over-year inflation rate of 2.3%, down from 2.6%, with core inflation also easing to 2.2%.
- The recent scrapping of the consumer carbon pricing program by the Liberal government has contributed to lower fuel costs, aiding in keeping inflation below the Bank's 2% target.
- Markets are anticipating nearly two rate cuts by the Bank of Canada by year-end, reflecting mixed economic signals and easing inflation pressures.
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Canada’s April inflation report arrives today, setting the stage for the Bank of Canada’s next rate decision amid easing price pressures and ongoing trade uncertainties.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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