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'Big step in the right direction': What economists are saying about inflation and the Bank of Canada

Will the data give the central bank enough breathing room to stick to its conditional pledge to pause rate hikes?

Inflation continued to decelerate in January.

Statistics Canada reported on Feb. 21 that the consumer price index rose 5.9 per cent year over year last month. The January slowdown represents the third consecutive deceleration since October. Analysts had forecast an increase of 6.1 per cent.

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