Canada Inflation Rate
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Thinking about having a kid? Here’s how much Canadians spend to raise oneAccording to the data released by Statistics Canada, a middle-income family with two parents and two children spends on average $293,000 on one kid till the age of 17.MoneyOct 3, 2023
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Nearly 7M Canadians struggling to put food on the table: reportA new report by Food Banks Canada paints a bleak national picture, with most provinces receiving a grade in the D-range when it comes to tackling poverty.CanadaSep 26, 2023
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Inflation just took a ‘significant step away’ from the Bank of Canada’s 2% goalAugust's consumer price index figures mark the second consecutive month inflation has accelerated in Canada, even as grocery prices saw some relief.CanadaSep 19, 2023
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Inflation falls into the Bank of Canada’s target range. Are rate hikes done?Inflation has fallen back into the Bank of Canada's target range of one-to-three per cent, but some economists are warning that might not be enough to stave off future rate hikes.EconomyJul 18, 2023
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Inflation rate dropped to 3.4% in May. What that means for the Bank of CanadaThe Bank of Canada is likely to be watching the May inflation report closely. Here's what it could mean for the central bank's next interest rate decision in July.MoneyJun 27, 2023
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Inflation surprise puts Bank of Canada in a ‘tough spot’ for rate hikesThe annual pace of inflation climbed back up slightly in April, breaking a streak of declines and putting pressure on the Bank of Canada as it weighs where to take interest rates.CanadaMay 16, 2023
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Ottawa faces pressure to help struggling Canadians as inflation easesThe Bank of Canada has said persistently strong wage growth will make getting back to the two per cent inflation target difficult.CanadaMar 17, 2023
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Inflation is expected to drop significantly in Canada this year. What to knowLooking ahead, the Bank of Canada is forecasting inflation will fall to about three per cent by mid-year and back down to two per cent in 2024.EconomyFeb 24, 2023
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Inflation keeps cooling. Does that mean we’re done with interest rate hikes?Statistics Canada says the inflation rate in January cooled to 5.9 per cent despite Canadians paying higher gas and grocery prices.EconomyFeb 21, 2023
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1 in 4 Canadians can’t afford $500 unforeseen expense as inflation bites: reportNew data by Statistics Canada showed that one-third of the population found it hard to make ends meet over the past year as inflation hit a 40-year peak.CanadaFeb 14, 2023
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