Canada’s inflation rate fell to 2% in August, hitting Bank of Canada’s target

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Business·Breaking

Canada’s inflation rate fell to two per cent in August 2024, Statistics Canada reported on Tuesday, hitting the Bank of Canada’s target.

Slowest pace of growth since February 2021

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(CBC)

Canada’s inflation rate fell to two per cent in August 2024, Statistics Canada reported on Tuesday, hitting the Bank of Canada’s target.

More to come.

ABOUT THE AUTHOR

Jenna Benchetrit is the senior business writer for CBC News. She writes stories about Canadian economic and consumer issues, and has also recently covered U.S. politics. A Montrealer based in Toronto, Jenna holds a master’s degree in journalism from Toronto Metropolitan University. You can reach her at jenna.benchetrit@cbc.ca.



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