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Canada’s inflation rate rose to 2 per cent in October

Canada’s inflation rate rose to two per cent in October, up from 1.6 per cent in September, according to Statistics Canada. The annual rate of inflation, which fell below the Bank of Canada’s target of two per cent in September, beat the analysts expectation of 1.9 per cent slightly. Anne Gaviola has more on why this shrank expectations for an oversized Bank of Canada key policy interest rate cut in December.

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