Canada’s Inflation Rate Falls Below Central Bank’s 2% Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2025
0mins
Should l Buy ?
Source: TipRanks
Canada's Inflation Rate: Canada's inflation rate fell to 1.8% in December, below the Bank of Canada's 2% target, allowing for potential interest rate cuts as the economy slows and energy prices decline.
Market Expectations: Futures traders anticipate an 81% chance of a 25-basis point rate cut at the upcoming policy meeting on January 29, while the Vanguard FTSE Canada All Cap Index ETF holds a Moderate Buy rating from analysts.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
