Inflation rate update: Fruit, coffee and car insurance see increases
Inflation numbers from February show the Consumer Price Index (CPI) has jumped by 2.6 per cent since the same point last year, Statistics Canada said on Tuesday.
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Inflation numbers from February show the Consumer Price Index (CPI) has jumped by 2.6 per cent since the same point last year, Statistics Canada said on Tuesday.
The annual rate of inflation accelerated sharply to 2.6 per cent in February as the federal government’s temporary tax break came to an end mid-month, Statistics Canada said Tuesday.
Canada’s annual inflation rate was 2.6 per cent in February, Statistics Canada says. The agency also released rates for major cities.
Canada’s annual inflation rate was 2.6 per cent in February, Statistics Canada says. Here’s what happened in the provinces.
Economists are expecting the annual rate of inflation accelerated in February as the federal government’s temporary tax break came to an end mid-month.
Shoppers have been caught up in the buy Canadian fervour since U.S. President Donald Trump started threatening 25 per cent tariffs on all Canadian goods, which began on Tuesday.
Two of Canada’s largest banks say interest rates could fall faster and ultimately end up lower than previously predicted, as the consequences of a trade war with the U.S. are set to ripple through the Canadian economy.
The federal government has announced an increase in the federal minimum wage starting April 1, according to a press release.
U.S. tariffs and Canada’s retaliation to them would have a devastating effect on the economy, pulling growth down while reigniting inflation, said Bank of Canada governor Tiff Macklem.
Economists expect little movement in Canada’s inflation numbers, if any, when January data is released this week, though the underlying change in prices will be clouded by a full month of the government’s GST break.
U.S. consumers grappling with soaring prices for beef and eggs will face even higher costs for meat, vegetables and fruit if President Donald Trump imposes tariffs on Canadian and Mexican imports, economists and food industry executives said.
Liberal leadership hopeful Mark Carney says – if he were to become prime minister – his government would 'immediately remove' the consumer carbon tax and replace the policy with an incentive program to 'reward Canadians for making green choices.'
Canada Mortgage and Housing Corp. says high housing costs are restricting population mobility in the country, as Canadians are finding that it’s too pricey to buy or rent in cities where they seek jobs.
The Bank of Canada’s sixth straight interest rate cut will provide relief to Canadians' finances in various ways, particularly for certain loans, according to financial experts.
New changes to high interest and payday loans in Canada came into effect on Jan. 1 in a move to crack down on “predatory lending” practices.
Recent data suggests that as many as 41 per cent of working Canadians are financially stressed.