0916 ET - CIBC Capital Markets says the sharp deceleration in Canadian CPI in March reinforces its call for a rate cut Wednesday from the Bank of Canada. Inflation cooled to 2.3% year-over-year in March from the prior month's 2.6% reading. The BOC's preferred measures of underlying, or core, inflation remain close to 3%, or the top end of the central bank's 1%-to-3% target range, but CIBC notes the gauges eased on a month-over-month basis. BOC targets 2% inflation in setting rates. CIBC says that for BOC, the downside risk to growth from US trade policy should outweigh worries over inflation. Most economists expect BOC to hold its policy rate unchanged. (Paul.Vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

April 15, 2025 09:16 ET (13:16 GMT)

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