Canada’s inflation rate slowed in February but stayed within the central bank’s comfort zone, news that may reassure policymakers somewhat but is unlikely to trigger a change in their neutral stance on interest rates.
Consumer prices rose 1.1 per cent in the year to February, down from a 1-1/2-year high of 1.5 per cent in January but above the market forecast of a 0.9 per cent increase, Statistics Canada data showed on Friday. Lower gasoline prices partially offset higher shelter and food costs in February, it said.
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