Canadian inflation stable at 3% in August
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Inflation in Canada held steady at 3 percent in August, according to figures Statistics Canada released on Monday. The consumer price index climbed 3 percent compared with the same month a year earlier, keeping the annual pace unchanged from the previous reading. Price growth remains above the Bank of Canada's 2 percent target. Economists will be watching to see whether the plateau lasts.
The Canadian consumer price index (CPI) rose by 3% in August year-on-year, according to a report by Statistics Canada released on Monday.
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