Canada's annual inflation rate fell slightly to 6.8 per cent in November.
In Statistics Canada's latest consumer price index report released today, the federal agency says slower price growth for gasoline and furniture was offset by rapidly rising shelter costs.The Bank of Canada has raised interest rates rapidly this year to cool decades-high inflation and slow spending in the economy.
After raising its key interest rate for the seventh consecutive time in early December, the central bank signalled it’s open to pressing pause on its aggressive rate hike cycle.
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