Canada’s inflation eases to 1.6%, ups chances of larger interest rate cut next week

Canada’s inflation rate fell to 1.6 per cent in September, after hitting the Bank of Canada’s two per cent target in August. As Anne Gaviola explains, that’s prompted more economists and market watchers to call for a larger interest rate cut from the central bank on Oct. 23.

• Bank of Canada would be ‘justified’ cutting rates by half a point. Here’s why
• Inflation’s sharp drop to 1.6% fuels calls for half-point rate cut