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Canada Inflation Trends Signal Rate Cut Possibility
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Canada's March CPI shows a rise to 2.9%, fueled by higher gasoline prices, while core inflation indicators decline, hinting at reduced underlying price pressures. The Bank of Canada contemplates a rate cut in June if inflation cooling persists.
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How might a rate cut impact Canada's overall economic growth and consumer spending?
In what ways could the divergence in price growth between Canada and the U.S. influence trade dynamics?
What factors could potentially reverse the declining core inflation trend in Canada?
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