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Canada’s Annual Inflation Rises 1.9% in August

The increase in the Consumer Price Index has fueled speculation over a possible interest rate cut by the central bank.

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Terms & Concepts
  • Consumer Price Index (CPI): A measure that examines the weighted average of prices of a basket of consumer goods and services, used to assess inflation.
  • Interest Rate Cut: A monetary policy action taken by a central bank to lower the cost of borrowing, typically to stimulate economic activity.