Inflation in Canada accelerated sharply in February as the federal tax holiday came to an end, pushing the inflation rate above the Bank of Canada’s target for the first time in seven months.

The annual rate of inflation ticked up last month as a temporary “tax holiday” ended, Statistics Canada reported on Tuesday. Consumer prices in Canada went up to 2.6 per cent in February ...

Many Canadians, particularly those on fixed incomes, struggled. To bring inflation back down to 2%, the Bank of Canada decisively raised the policy interest rate—the target for the interest rate that ...

The CPI data come less than a week after the Bank of Canada further cut its overnight rate, noting in its statement that it “will be closely monitoring inflation expectations.” (Photo by Katherine KY ...

By Promit Mukherjee OTTAWA (Reuters) -Canada's annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a sales tax break that ended in the middle of last month ...

Economists say the Bank of Canada will be in a tough spot at its next decision in April as inflation showed signs of heating up in February. Statistics Canada said Tuesday that the annual rate of ...

President Donald Trump made a series of false claims about tariffs and trade – most of which he has made before – in the ...

OTTAWA (Reuters) -Canada's annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a sales tax break that ended in the middle of last month pushed prices higher ...