Canada’s inflation slows in January, making rate pause more likely

OTTAWA – Canada’s annual inflation rate eased more than expected in January to 5.9%, data showed on Tuesday, which should allow the Bank of Canada to keep interest rates steady at its next meeting while it lets previous rate hikes sink in. Analysts had expected inflation to edge down to 6.1% from 6.3% in December. … Continue reading Canada’s inflation slows in January, making rate pause more likely