Inflation rate

Opposition New Democrats have released another pre-election commitment Monday by promising to suspend the gas tax for six months. Outside a Petro-Canada gas station next to Albert Street in north Regina, NDP leader Carla Beck said an NDP government would suspend the 15 cent a litre gas tax at midnight on day one when they […]

The Bank of Canada announced its interest rate decision this morning, and as forecasters expected the BOC delivered another quarter-point rate cut. Encouraged by slowing inflation, the central bank has lowered its policy rate at its last three meetings. Its key interest rate now stands at 4.25 per cent and Governor Tiff Macklem has signalled […]

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” […]