consumer spending

Bank of Canada’s next move less certain after inflation rate ticks higher in May

Bank of Canada’s next move less certain after inflation rate ticks higher in May

Jun 25, 2024 | 12:39pm
Quick Notes: National Consumer Price Index (CPI) 2.9% (May) 2.7% (April) Saskatchewan: 1.5% (May) 1.0% (April) Regina: 1.5% (May) 1.2% (April) Saskatoon: 1.5% (May) 1.4% (April) The annual inflation rate unexpectedly ticked higher in May, raising doubts about what the Bank of Canada will do when it makes its next interest rate decision in July in “bumpy and choppy” […]
February inflation rate slows to 2.8% as price growth unexpectedly eases

February inflation rate slows to 2.8% as price growth unexpectedly eases

Mar 19, 2024 | 8:04am
Canada’s annual inflation rate unexpectedly fell to 2.8 per cent last month, amid sharp declines in cellular and internet services as well as slower grocery price growth. Statistics Canada released its February consumer price index report Tuesday, which shows price growth softened for a second consecutive month. Economists were widely expecting Canada’s inflation rate to have risen above January’s […]

Canada’s inflation rate rose to 3.3% in July, StatCan reports

Aug 15, 2023 | 8:11am

Canada’s annual inflation rate rose to 3.3 per cent in July as worries grow that progress on getting prices under control will stall. Statistics Canada released its July consumer price index report Tuesday, which shows price growth gained pace last month. This comes after inflation tumbled to 2.8 per cent in June, falling within the Bank of Canada’s target […]