Latest CPI data points to a June rate cut, economists say

After Statistics Canada reported on Tuesday morning that Canada’s annual rate of core inflation eased for a fourth consecutive month in April, economists say all signs point to the Bank of Canada cutting interest rates this summer.

Here’s what Canadian economists say the latest consumer price index (CPI) data signals.

BMO Capital Markets

“These are very good numbers for Canadians and for the Bank of Canada,” Sal Guatieri, director and senior economist at BMO Capital Markets, told BNN Bloomberg during an interview on Tuesday.