July 17, 2008 / 3:52 PM / in 9 years

$10 cheaper oil would cut Canada inflation: BOC

OTTAWA (Reuters) - A $10 drop in the price of a barrel of crude oil would translate into a 0.2 percent cut in Canada’s headline inflation, Bank of Canada Governor Mark Carney said at a news conference on Thursday.

Reporting by Louise Egan; writing by John McCrank; editing by Rob Wilson

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