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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?


To: craig crawford who wrote (216)6/13/2001 1:01:10 PM
From: craig crawford  Read Replies (1) | Respond to of 1643
 
Wednesday June 13, 12:31 pm Eastern Time

Analysts forecast jump in Canada's May inflation

By Irene Marushko
biz.yahoo.com

OTTAWA, June 13 (Reuters) - Canadian economists on Wednesday forecast a spike in overall inflation when Statistics Canada releases its May figures later this week, but said the rate would stay tame enough to let the Bank
of Canada ease interest rates further.

Analysts expect total annual inflation, fueled by higher gasoline prices, will be as high as 3.9 to 4.0 percent in May, up from a rate of 3.6 percent in April. The core annual rate, which removes ever-changing energy and food prices, was forecast at 2.1 percent, equal with April's level. Statistics Canada will release inflation information on Friday.