Canadian inflation would have accelerated further in January were it not for Ottawa’s tax holiday, putting the Bank of Canada in an awkward position when it comes to its next interest rate decision ,

The annual inflation rate in Canada inched higher to 1.9% in January from 1.8% in the previous month, in line with market expectations.  The annual core inflation rate in Canada, which excludes components such as food,

The Consumer Price Index rose 1.9 per cent in January, year-over-year, up from 1.8 per cent in December, Statistics Canada reported Tuesday. That was the first increase in three months and matched analyst expectations. Inflation increased 0.1 per cent on a monthly basis.