Paul Volcker wanted to tame inflation and the Bank of Canada followed suit. The prime rate, which had fallen to 12.25% in July 1980 jumped to 22.75% by August 1981. A five-year fixed rate mortgage ...

To measure inflation every month, Statistics Canada tracks the prices for a long list—what it calls a representative “basket”—of goods and services. The contents of the basket reflect how much ...

The consumer price index rose 3% on the year in January 2025. Economists worry that broad disinflation is over, even as ...

Canada’s annual inflation rate rose 1.8% in December, down from 1.9% in November, slightly lower than analysts’ forecasts , according to data released by Statistics Canada on Tuesday ...

1:54 GST/HST tax holiday comes to an end Economists expect little movement in Canada’s inflation numbers, if any, when January data is released this week, though the underlying change in prices ...

Ottawa, Canada — Canadian inflation fell 0.1 percentage points ... according to Statistics Canada data. Canadian Prime Minister Justin Trudeau’s liberal government brought in the tax relief ...

OTTAWA--Canadian inflation cooled for a ... has been at or below the Bank of Canada's 2% target. A temporary tax break introduced by outgoing-Prime Minister Justin Trudeau kicked in mid-December ...

OTTAWA, Jan 21 (Reuters) - Canada's annual inflation rate slowed in December, data showed on Tuesday, helped by a sales tax break which kicked off in the middle of the month and brought down ...

The Bank of Canada expected a cooling in inflation as result of the tax break, which is set to end in mid-February. Tuesday’s inflation reading is the last major economic data release before the ...

The consumer-price index fell 0.4% in December, leaving inflation to ease slightly to a three-month low of 1.8% compared with a year earlier, Statistics Canada said Tuesday. That was in line with ...