Bank of Canada members split on inflation outlook, minutes show
The Bank of Canada's governing council was split on the outlook for inflation ahead of its Sept 4 decision to cut rates for the third time in a row, minutes published on Wednesday showed. The BoC said on Sept 4 that it was juggling the impact of two opposing forces on inflation - the persistently high cost of shelter and services on one hand and a weakening economy and rising unemployment on the other.
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Economists told CBS News the calculation is incomplete, since average household incomes have also risen over that time period ...
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