Bank of Canada rate-cut bets recede as core inflation proves sticky

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Bank of Canada rate-cut bets recede as core inflation proves sticky
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TORONTO, April 26 (Reuters) –

Canadian inflation excluding food and energy costs is expected to remain above 3% until the fourth quarter of this year, the median forecast of seven economists recently surveyed by Reuters showed, which could dash hopes of an early Bank of Canada shift to cutting interest rates.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

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