Canadian Inflation Rate MoM (Dec) M/M -0.2% vs. Exp. -0.3% (Prev. 0.1%)

Canadian Inflation Rate MoM (Dec) M/M -0.2% vs. Exp. -0.3% (Prev. 0.1%)

The Canadian inflation rate for December has shown a slight decrease of 0.2% month-over-month, which narrowly beats expectations of a 0.3% decline. This softer inflation print may reinforce the central bank's relaxed stance on interest rates, while also supporting the narrative of moderating inflationary pressures in Canada.