We expect the official 'core' inflation rate, which was unchanged at 2.1% in November, to stay well within the Bank of Canada's target range of 1% to 3% in the coming months. As the economy slows and unemployment drifts higher next year, however, underlying inflation is forecast to drift lower. We still anticipate interest rate cuts around the middle of the year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.