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Capital Economics says it’s a close call but expects the Bank of Canada to keep its main interest rate unchanged next month, despite Gov. Tiff Macklem opening the door for a hike on Oct. 29.
BOC Macklem said inflation excluding gasoline was 2.2% in July, versus total CPI up 3.0%, with core near 2%.
Bank of Canada Governor Macklem says oil price decline takes some upside risk on inflation away
Bank of Canada Governor Macklem says the recent Canada May CPI report is in line with their expectations