2014.04.1711:14:00UTC+00It Will Likely take About Two Years for Canada’s Inflation to Track Near Its 2% Target

Quotes from TD Economics:

- Canadian March headline consumer price index reading is largely consistent with the Bank of Canada's most recent Monetary Policy Report assessment, wherein The Bank noted that low inflation is still a concern, but less so than in previous months.

- In the near term, economic slack and heighted competition will ultimately keep core inflation modest. As we move ahead throughout 2014, inflation is expected to continue its slow upward grind, fostered by a weak Loonie and acceleration in domestic growth.

- We continue to expect that it will take about two years for inflation to track near its 2% target. As a result, any gradual increases in the overnight rate by the Bank of Canada will likely have to wait until the second half of 2015.