Five things to watch for in the Canadian business world in the coming week

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Annual Inflation Rate News

Bank Of Canada,Consumer Price Index,Statistics Canada

TORONTO — Five things to watch for in the Canadian business world in the coming week: Inflation Statistics Canada will release its consumer price index for...

Statistics Canada will release its consumer price index for April on Tuesday. The reading comes after the annual inflation rate ticked up to 2.9 per cent in March compared with 2.8 per cent in February. The April reading on how fast the cost of living is rising will be closely watched by the Bank of Canada ahead of its interest rate decision on June 5.Suncor Energy Inc. will hold a webcast to provide its near term business outlook.

OTTAWA — Forecasters expect this week's inflation report to show Canada's inflation rate fell last month, but financial markets are still unsure whether a June interest rate cut is in the cards for the Bank of Canada. Statistics Canada is set to release its April consumer price index report Tuesday. The new inflation data will be consequential for the Bank of Canada as it gears up for its June 5 interest rate decision.

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