{"id":43975,"date":"2024-02-20T16:42:35","date_gmt":"2024-02-20T16:42:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/02\/20\/canada-inflation-slows-what-economists-are-saying\/"},"modified":"2024-02-20T16:42:35","modified_gmt":"2024-02-20T16:42:35","slug":"canada-inflation-slows-what-economists-are-saying","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/02\/20\/canada-inflation-slows-what-economists-are-saying\/","title":{"rendered":"Canada inflation slows: What economists are saying"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Cooling inflation may prompt the Bank of Canada to start cutting rates as early as June<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Feb 20, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 minute read<\/span><\/p>\n<\/p><\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Canada&#8217;s inflation rate for January decelerated to 2.9 per cent.<\/span> <span class=\"credit\">Photo by Scott Olson\/Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Canada\u2019s inflation rate for January decelerated to 2.9 per cent, dropping more than economists were predicting and possibly opening a window for the Bank of Canada to start cutting rates as early as June. Here\u2019s what economists are saying about the numbers.<\/p>\n<h2>Olivia Cross, Capital Economics<\/h2>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">The Bank of Canada will be pleased with January\u2019s inflation report, and not just because the headline rate slowed more than expected, said Olivia Cross, North America economist at Capital Economics.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment381273729611021356590023948894208\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" 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Post\" class=\"market-logo\" height=\"37\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/15.4.1\/websites\/images\/identity\/logo-identity-fp.svg\" width=\"280\"\/><\/p>\n<div class=\"intro-body__premium hidden\">\n<p>THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\n<p class=\"identity-intro__description\">Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman, Victoria Wells and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times 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sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" data-auth-component=\"\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2>Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201cThe Bank of Canada will be pleased to see the more marked easing in its measures of core inflation,\u201d Cross said, in a note following the release of data on Feb. 20 by Statistics Canada.<\/p>\n<p>Month-over-month core inflation rose 0.1 per cent excluding food and energy, slower than the 0.3 per cent gain in December.<\/p>\n<p data-async=\"\">The Bank of Canada\u2018s preferred measures \u2014 CPI-trim and CPI-median \u2014 both slowed to 3.4 per cent and 3.3 per cent respectively, from 3.7 per cent and 3.5 per cent.<\/p>\n<p>Still, Cross sounded a note of caution.<\/p>\n<p data-async=\"\">\u201cJanuary\u2019s inflation print was a big positive shift in the right direction, but the Bank of Canada will need to see this trend continue before it will be comfortable pivoting to rate cuts,\u201d she said. \u201cAfter all, we saw headline inflation fall below three per cent in June, but this was followed by a series of sticker inflation prints.\u201d<\/p>\n<p>Capital expects the first rate cut to come at the central bank\u2019s June 5 meeting.<\/p>\n<h2>Andrew Grantham, CIBC Economics<\/h2>\n<p data-async=\"\">There was plenty of evidence in the latest inflation reading that elevated interest rates are starting to cut into discretionary consumer spending, said Andrew Grantham, an economist with Canadian Imperial Bank of Canada.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot25 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page 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https:\/\/dcs-static.gprod.postmedia.digital\/15.4.1\/websites\/images\/newsletters\/icon-fp-topStories.svg 1600w\" alt=\"Top Stories\" loading=\"lazy\" fifu-data-src=\"https:\/\/dcs-static.gprod.postmedia.digital\/15.4.1\/websites\/images\/newsletters\/icon-fp-topStories.svg\"\/><\/div>\n<div>\n<p>Top Stories<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Get the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_HeadlineNews\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment1061412029718043937393107718373376\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201cThe unexpectedly large declines in airline fares and clothing prices may be a sign of weakness in consumer spending, but could also partly reflect some data volatility,\u201d Grantham said in a note on the inflation report. Airline fares fell 14 per cent year over year. Clothing and footwear fell 1.8 per cent, seasonally adjusted, in the \u201csharpest monthly decline since April 2020 during the start of the pandemic,\u201d he said.<\/p>\n<p>Even if there were a partial rebound in inflation, it is still on track to come in at 2.9 per cent in the first quarter, the economist estimated.<\/p>\n<p>That is \u201cwell below\u201d the Bank of Canada\u2019s forecast of 3.2 per cent inflation in its most recent Monetary Policy Report for the same period.<\/p>\n<p>\u201cSo even with GDP growth running somewhat stronger than they expected, we still anticipate that interest rate cuts will start in June,\u201d Grantham said.<\/p>\n<h2>Abby Xu, RBC Economics<\/h2>\n<p>The share of inflation accelerating at five per cent shrank to 28 per cent in January from a high of 68 per cent in May 2022, wrote Abby Xu, an economist as Royal Bank of Canada, as \u201cthe effect of past rate hikes feed into consumer prices persistently with a lag.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment5773579746558587583193091175088128\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Still, the \u201cbreadth\u201d of inflation is greater than would allow to hit the Bank of Canada\u2019s target of two per cent, she said in a note on Feb. 20.<\/p>\n<p>Xu expects shelter inflation to remain \u201csticky\u201d as homeowners renew mortgages at higher interest rates and rents stay high due to Canada\u2019s housing supply shortage.<\/p>\n<section aria-labelledby=\"moreTopicLabel822983058146828883042212929077248\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" rate=\"\" slows=\"\" more=\"\" than=\"\" expected=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=96&strip=all&quality=80&sig=J-_ZdU_otPIjqyvUEEivIA, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=192&strip=all&quality=80&sig=xYcslUKAOlnZMbRdDULFEQ 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/02\/inflation-0220-ph-2.jpg?h=288&strip=all&quality=80&sig=Wos8tm45vovKMiCzGJxjmQ 3x\" alt=\"inflation\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Inflation rate slows more than expected<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" canada=\"\" can=\"\" get=\"\" inflation=\"\" down=\"\" without=\"\" raising=\"\" interest=\"\" rates=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"A cow leaves a milking parlour on a farm in Quebec. Getting the price of expensive Canadian milk down would help tackle inflation.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=80&sig=sB6Mr96Hl8D_J9Nbk1A3Uw\" fifu-data-src=\"https:\/\/i2.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=5&sig=dNk8QchU1HRu07nuqIkuxA&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=96&strip=all&quality=80&sig=sB6Mr96Hl8D_J9Nbk1A3Uw, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=192&strip=all&quality=80&sig=2XJJTRNDlZ4nY8UCl7oM0g 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/01\/milk-prices-vw0122.jpg?h=288&strip=all&quality=80&sig=-MOqNMHSRgTFE64-kIzNkw 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Ways Canada can get inflation down without raising interest rates<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>The economist doesn\u2019t believe the central bank should be in a rush to start cutting.<\/p>\n<p>A stronger-than-expected jobs market gives the Bank of Canada room to wait and see if inflation is really on the way down, Xu said.<\/p>\n<p>\u201cAs of now, our base case assumes the BoC starts to lower interest rates around mid-year,\u201d she said.<\/p>\n<p data-async=\"\"><em>\u2022 Email: gmvsuhanic@postmedia.com<\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Canada inflation slows: What economists are saying<\/a><br \/>\n<br \/>2024-02-20 16:42:35<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy Cooling inflation may prompt the Bank of Canada to start cutting rates as early as June Published Feb 20, 2024 \u00a0\u2022\u00a0 3 minute read Canada&#8217;s&#8230;<\/p>\n","protected":false},"author":2,"featured_media":43976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/02\/cpi-0220-ph.jpg?quality=90&strip=all&w=288&h=216&sig=LjeYSMsWSE4DHLf6uazH5g","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-43975","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=43975"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/43976"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=43975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=43975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=43975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}