Canadian Inflation Falls Within Bank of Canada’s Target Range; Food and Shelter Costs Remain High June inflation data released today by Statistics Canada showed that the Consumer Price Index (CPI) rose 2.8% year-over-year (y/y), slightly below expectations. This was the lowest CPI reading since February 2022. The decline in inflation was mainly due to lower […]

Canada’s inflation rate falls to 2.8% Gasoline pulling rate down, while food and mortgages pushing it up Pete Evans · CBC News · Posted: Jul 18, 2023 5:40 AM PDT | Last Updated: 5 minutes ago The silhouette of a man pumping gas is shown. Gasoline prices were the biggest factor pulling down the inflation […]