Canada's Inflation Rate Slows Unexpectedly to 3.8% in September

Canada's annual inflation rate unexpectedly slowed to 3.8% in September.

Analysts had forecast inflation to hold steady at 4% in August.

Two of Bank of Canada’s three core measures of underlying inflation also decelerated.

Money markets trimmed bets for a rate hike next week after the data.

Headline inflation had outpaced expectations in previous two months.