Economists are closely monitoring the upcoming release of Canada's April inflation report by Statistics Canada as the Bank of Canada's rate decision approaches. Last week, Statistics Canada reported that the country's unemployment rate remained at 6.1% in April 2024, up 1% from the previous year. Expectations are for a decrease in Canada's inflation rate when the April numbers are released on Tuesday.
Statistics Canada to release April inflation numbers https://t.co/T2O8q90uHB https://t.co/EcbHAu6yzx
Live updates: Statistics Canada to release its April inflation report today https://t.co/WfvC8lHpRU
Statistics Canada to release April inflation report this morning https://t.co/AmmuJtumW6
Economists expect a decline in Canada’s inflation rate when StatsCan releases April numbers Tuesday https://t.co/MHS04Ip0Ie
Last week, Statistics Canada released April’s employment numbers, reporting that Canada’s unemployment rate had remained stagnant at 6.1%, up 1% from April 2023. Read more: https://t.co/jkBY09xSaU https://t.co/IleOusrAby
Economists to have a close eye on April inflation report as BoC rate decision nears https://t.co/A3CiFX7iIy