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Market reaction: CAD/
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COMMENTARY
DOUG PORTER, CHIEF ECONOMIST AT BMO CAPITAL MARKETS
This is good news... I would say for the prospect of interest rate cuts at some point in the months ahead."
"It seemed like the market was starting to move away from June (rate cut) before these numbers but I think this does keep June (meeting) in play as a possibility for a rate cut."
"It's pretty important that grocery prices have calmed down... They have a pretty heavy influence in consumer expectations of inflation and the fact that grocery prices are now actually rising less quickly than the overall number is pretty helpful."
(Reporting by Nivedita Balu; Editing by Denny Thomas)
