👉Canada's inflation rate rose to 2.9% in May, surprising economists who anticipated a decline from April's 2.7%, according to Statistics Canada. The rise was driven mainly by increased costs in services, particularly cellphone services, travel tours, rent, and air transportation, which saw a 4.6% hike. This unexpected increase disrupts the trend of cooling inflation seen earlier this year and has led financial markets to lower expectations of a rate cut in July to below 50%. The Bank of Canada, which recently cut interest rates for the first time in four years, has indicated that future rate decisions will depend on economic data.✅ . 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐍𝐞𝐞𝐧𝐚 𝐕𝐚𝐫𝐠𝐡𝐞𝐬𝐞, 𝐎𝐧𝐭𝐚𝐫𝐢𝐨'𝐬 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐞𝐱𝐩𝐞𝐫𝐭. 𝐂𝐚𝐥𝐥: +𝟏 (𝟒𝟑𝟕) 𝟗𝟖𝟐-𝟎𝟖𝟎𝟒 @neena.robin . . #CanadaInflation #EconomicUpdate #StatisticsCanada #CPI #BankOfCanada #InflationRise #FinancialNews #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Canada's annual CPI inflation fell to 2.7% in April from 2.9% in March, aligning with market expectations, according to Statistics Canada. Monthly, the CPI rose 0.5%, while core CPI, excluding food and energy, remained unchanged. The Bank of Canada's core CPI increased by 1.6% annually, down from 2% in March. In response, the USD/CAD rose slightly, up 0.1% to 1.3638.✅ . 𝐁𝐞𝐬𝐭 𝐈𝐧𝐝𝐢𝐚-𝐂𝐚𝐧𝐚𝐝𝐚 𝐟𝐥𝐢𝐠𝐡𝐭 𝐝𝐞𝐚𝐥𝐬 𝐚𝐰𝐚𝐢𝐭! 𝐑𝐚𝐡𝐦𝐚𝐧 𝐓𝐫𝐚𝐯𝐞𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 (𝟔𝟒𝟕) 𝟖𝟖𝟗-𝟐𝟕𝟕𝟔, 𝟗𝟎𝟓-𝟒𝟏𝟐-𝟐𝟕𝟖𝟕 𝐬𝐚𝐥𝐞𝐬@𝐫𝐚𝐡𝐦𝐚𝐧𝐭𝐫𝐚𝐯𝐞𝐥𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬.𝐜𝐨𝐦 @rahmantravelservices . . #CanadaInflation #CPI #EconomicUpdate #StatisticsCanada #BankofCanada #USD #CAD #FinancialNews #mnm #malayalisnearmeapp #canadaupdate #canadanews