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Canada’s inflation rate drops in April. Higher grocery prices offset by removal of carbon tax
“In April, prices for food purchased from stores grew at a faster pace,” Statistics Canada said. “Prices for food purchased from stores have been increasing at a faster rate than the all-items consumer price index (CPI) for three consecutive months.” The increase in the cost of groceries was 3.8 per cent year over year.
The headline figure, however, concealed a bundle of sharply higher prices on food, cars and rent, and adds to a raft of ...
The Canadian dollar strengthened against its U.S. counterpart on Tuesday as investors slashed bets on a Bank of Canada ...
Canada has effectively suspended almost all of its retaliatory tariffs on US products, tamping down inflation risks and ...
Canada’s annual rate of inflation slowed to 1.7 per cent in April, Statistics Canada reported on Tuesday, down from 2.3 per ...
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