Canada’s inflation rate fell to 2% in August, hitting Bank of Canada’s target | CBC News
Canada’s inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada’s target in its long campaign to cool price growth. The central bank began aggressively hiking interest rates in April 2022 to tame skyrocketing inflation, and made its first rate cut since March 2020 in July. “Our confidence…