Significant rise in August inflation at 4% attributed to surging gas prices – Nationwide implications

Descrease article font size Increase article font size The annual rate of inflation picked up again in August, rising to four per cent, according to Statistics Canada. Economists had largely expected the increase, as gasoline prices pushed inflation higher. Statistics Canada attributed some of the inflation at the pumps to the base-year effect — the …

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National bank to analyze implications as inflation rate falls to 3.4% in May

The rate of inflation experienced a significant drop last month, raising questions about whether the Bank of Canada will proceed with another interest rate hike in July. According to Statistics Canada, the annual inflation rate for May decreased by one percentage point to 3.4 percent. Economists had anticipated a more modest decline to 3.6 percent. …

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