Jeremy M. Kronick on BNN Bloomberg – Canadian inflation slows to 2 percent annual rate in August

Inflation in Canada has dropped to its slowest annual rate since February 2021, marking the first time in over three years that it has reached the Bank of Canada’s target level. With inflation slowing and the economy showing signs of weakness, what actions might the Bank of Canada take next? Jeremy M. Kronick, Associate Vice President and Director of the Centre on Financial and Monetary Policy at the C.D. Howe Institute, joined BNN Bloomberg’s Morning Markets host Jon Erlichman to share his insights on Canada’s inflation rate slowing to 2 percent in August.