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Posted AT 2:16 PM EST on 17/04/08

Inflation dips, rate cut expected

HEATHER SCOFFIELD

Globe and Mail Update

OTTAWA — An aggressive 50-basis-point interest rate cut from the Bank of Canada is more of a sure thing now that inflation for March has proven to be benign, economists say. Total inflation was 1.4 per cent in March from a year ago, the slowest pace since in well over a year and the fourth straight month of deceleration. The core rate of inflation, which excludes the most volatile prices such as energy and some types of food, was just 1.

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