Inflation skyrockets to highest level in nearly 40 years as gas prices soar
The agency said its consumer price index in May rose 7.7 per cent compared with a year ago, its largest increase since January 1983 when
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Nathan Janzen
Bank of Canada expected to jack up interest rates as inflation persists
“Canadian inflation is running more than three times faster than target,” Desjardins’ head of macro strategy, Royce Mendes, wrote in a note to clients Monday.
Businesses brace for high inflation to stick around over next two years: BoC survey
Bank’s latest Business Outlook Survey found that more than two-thirds of businesses anticipate inflation will be above three per cent, on average, over the next
Economy hits pothole as Canada posts surprise trade deficit for February
Canada’s economy hit a pothole in February, as an unexpected trade deficit broke up a series of recent positive surprises. The country ran a $972-million
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