US Edition
Bank of Canada Hoping for Better Look at ‘Complicated’ Inflation Picture
- The Bank of Canada is set to examine a pair of inflation updates prior to making its interest rate decision on July 30, 2025.
- The central bank opted to maintain its interest rate at 2.75 percent for the second consecutive time amid ongoing uncertainty stemming from the Canada-US tariff conflict and recent inflation figures.
- April's annual inflation slowed to 1.7 percent, but core inflation exceeds three percent, and April’s inflation excluding taxes was stronger than expected at 2.3 percent.
- Governor Tiff Macklem called the inflation picture “complicated” and warned that some distortions could exaggerate price pressures amid tariff impacts and tax changes.
- The Bank of Canada may lower interest rates to support the economy if upcoming inflation reports show sustained containment despite tariffs and other pressures.
Insights by Ground AI
Does this summary seem wrong?
39 Articles
39 Articles
All
Left
17
Center
3
Right
3
The consumer price index increased by 1.7% from year to year in Canada in May, an increase equivalent to that observed in April.
·Montreal, Canada
Read Full Article
May inflation data coming as Bank of Canada looks for trade war impacts
OTTAWA — Statistics Canada is set to publish inflation data for May this morning. A poll of economists provided by LSEG Data & Analytics expects the annual pace of inflation held steady at 1.7 per cent last month.
·Flin Flon, Canada
Read Full Article
Coverage Details
Total News Sources39
Leaning Left17Leaning Right3Center3Last UpdatedBias Distribution74% Left
Bias Distribution
- 74% of the sources lean Left
74% Left
L 74%
13%
13%
Factuality
To view factuality data please Upgrade to Premium
