In March, Canada's inflation rate rose to 2.9% due to a 4.5% increase in gasoline prices.
Inflation rate in Canada rose to 2.9% in March, up from a 2.8% increase in February, as gasoline prices increased by 4.5% year-over-year, according to Statistics Canada. Excluding gasoline, the overall annual inflation rate was 2.8%. The Bank of Canada kept its key interest rate target on hold, but suggested it is "within the realm of possibilities" that it might cut rates in June.
April 15, 2024
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