Saturday, July 23, 2011

Canada’s Inflation drops to 3.1% in June

Canada’s inflation eased to an annualized rate of 3.1 percent in June compared to 3.7 percent the month before. Statistics Canada said the drop from May was due to lower prices for passenger vehicles and hotel and motel rooms. The inflation report came just days after the Bank of Canada said it would keep its key interest rate at one per cent.

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