Bank of Canada's Macklem sees inflation declining further from 4.3% in March

Kitco Media
By Reuters
Published:
Updated:
Reuters
OTTAWA, April 18 (Reuters) - Bank of Canada Governor Tiff Macklem said on Tuesday he expects prices to come down further after official data showed Canada's annual inflation rate had eased to 4.3% in March from 5.2% in February. "Annual CPI inflation was down to 4.3% in March, led by falling goods price inflation, and we see further declines ahead. That's good news," Macklem told a parliamentary committee.



(Reporting by Ismail Shakil and Steve Scherer in Ottawa)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.