UPDATE 2-Tame Canada April inflation dampens rate hike talk

Newswire

(Updates with details By Luke McCann OTTAWA, May 20 (Reuters) - Canadian inflation was tamer than expected in April, despite still high oil prices, and analysts said that increased the likelihood that the Bank of Canada could sit on the sidelines for a few months longer. Statistics Canada said on Friday that inflation rose to 2.4 percent in the year to April, matching forecasts, from 2.3 percent in March, due mainly to an increase in gasoline prices. But it was an easing in the Bank ...

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