Canada’s Inflation Rate Rises to 3.3% in July: A Cause for Concern Canada’s economy is facing a new challenge as the country’s inflation rate surged to 3.3% in July, according to economists. This significant increase has alarmed experts, who warn of potential negative consequences for the Canadian economy and the Bank of Canada (BoC). The […]
Annual price growth hits lowest level since June 2021 The Impact of Gasoline Prices on Inflation Despite the continued surge in mortgage interest costs and steady food price growth, Canada‘s inflation rate experienced a decline in May, reaching its lowest level since June 2021. Statistics Canada reported that the annual inflation rate came in at […]
The Bank of Canada’s Next Steps as Inflation Rate Plunges in May A Sharp Drop in Inflation Rate According to Statistics Canada, the annual inflation rate for May in Canada dropped by a full percentage point to 3.4 per cent. This comes as a surprise to most economists who had anticipated a more modest drop […]
