Headline Canadian CPI inflation accelerated to 2.6% YoY in February, well above the median market forecast of 2.1% and rising ...

Statistics Canada will release the February inflation report on Tuesday, as estimated by the Consumer Price Index (CPI).

The CPI data comes less than a week after the Bank of Canada further cut its overnight rate, noting in its statement that it “will be closely monitoring inflation expectations.

The Federal Reserve is widely expected to maintain its benchmark interest rate at 4.25%-4.50% on Wednesday, the second consecutive pause since it began its easing cycle in September.