Canada Inflation Rate

• Thinking about having a kid? Here’s how much Canadians spend to raise one

  According 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.

  Money

  Oct 3, 2023
  
• Nearly 7M Canadians struggling to put food on the table: report

  A 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.

  Canada

  Sep 26, 2023
  
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• Inflation just took a ‘significant step away’ from the Bank of Canada’s 2% goal

  August's consumer price index figures mark the second consecutive month inflation has accelerated in Canada, even as grocery prices saw some relief.

  Canada

  Sep 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.

  Economy

  Jul 18, 2023
• Inflation rate dropped to 3.4% in May. What that means for the Bank of Canada

  The 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.

  Money

  Jun 27, 2023
• Inflation surprise puts Bank of Canada in a ‘tough spot’ for rate hikes

  The 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.

  Canada

  May 16, 2023
• Ottawa faces pressure to help struggling Canadians as inflation eases

  The Bank of Canada has said persistently strong wage growth will make getting back to the two per cent inflation target difficult.

  Canada

  Mar 17, 2023
• Inflation is expected to drop significantly in Canada this year. What to know

  Looking 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.

  Economy

  Feb 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.

  Economy

  Feb 21, 2023
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• 1 in 4 Canadians can’t afford $500 unforeseen expense as inflation bites: report

  New 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.

  Canada

  Feb 14, 2023