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Core inflation in Canada exceeds expectations
Core inflation in Canada exceeds expectations

Core inflation in Canada exceeds expectations

According to data released yesterday by the Bank of Canada, consumer prices in the country rose by 3.4% in May. Excluding food and energy, prices increased by 3.7%. Analysts expected the indicator to fall to 3.6%. The higher-than-expected core inflation will likely force the regulator to continue tightening its monetary policy and will buoy the Canadian dollar.

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