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OTTAWA (Reuters) -Canada's annual inflation rate rose as expected in December, data showed on Tuesday, and underlying prices pressures remained, dashing hopes that the central bank would shift into rate-cut mode early this year. Annual inflation rose to 3.4% in December from 3.1% in November, Statistics Canada said, matching estimates by economists polled by Reuters. Two of the Bank of Canada's (BoC's) core measures of underlying inflation, CPI-trim and CPI-median, accelerated, with the three-month annualized rate of the two rising to 3.6% from an upwardly revised 2.9% in the ...

(Bloomberg) -- Canada’s rate of inflation unexpectedly slowed, with core measures showing some improvement, leaving room for the central bank to keep interest rates unchanged next week.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitPutin Arrives in China to Meet Xi on Rare International TripYour Guide to Understanding the Roots of the Israel-Hamas WarBiden Plans High-Stakes Israel Visit to Keep War From EscalatingStocks Fall, Yields Rise as Data Fuel Fed Wa

The Bank of Canada's most favored measures of core inflation are likely to slow in July for the first time in 10 months as base effects work in their favor, a milestone that could sway the bank to leave rates on hold at its next policy decision. In tracking core inflation, the BoC has been particularly focused on the annualized three-month rates of the weighted median and the trimmed mean, which filter out components with extreme price movements and are more timely than the year-over-year rates that are typically observed. Such an outcome could see the BoC returning to the sidelines at ...

BEIJING, Jan. 12 (Xinhua) -- China has taken more measures to boost the country innovation drive and is shifting from focusing on the intellectual property (IP)

The Indonesian government has decided to extend the policy on public mobility restrictions, locally known as PPKM, outside the islands of Java and Bali from Jan. 4 to 17, 2022 although Covid-19 cases continue to decline, a senior minister said on Monday.