Inflation Update in Canada 🇨🇦
• Consumer Price Index: 2.36% year-over-year - perfectly within the target range
• Money Supply (M3): +4.77% year-over-year - slightly below Hanke's "golden growth rate" (around 6-8%)
💡 Key takeaway: Inflation = Money Supply. Moderate growth in Canadian money supply (M3) supports price stability, keeping the economy on track to achieve the inflation target of 1-3%.
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