Canada's annual inflation rate in April drops to 1.7%, but core measures rise
- Canada's annual inflation rate dropped to 1.7 percent in April 2025, while core inflation measures increased during the same period.
- This shift followed a steady decline caused by seven consecutive rate cuts by the Bank of Canada before April 16 and the recent removal of the federal carbon tax.
- Energy prices plunged 12.7 percent, with gasoline and natural gas prices falling 18.1 and 14.1 percent respectively, while grocery and travel tour prices rose year over year.
- Core inflation markers, including CPI median and CPI trim, reached 13-month highs at 3.2 and 3.1 percent, reflecting persistent underlying price pressures despite the overall inflation decline.
- The Bank of Canada maintained interest rates on April 16 and stated it could act decisively to control inflation ahead of its next rate announcement on June 4.
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41 Articles
Tax and inflation rates may be more important than market volatility in your TSP
Interview transcript: Terry Gerton: Well, let’s jump right in because we’re talking about some interesting trends in recent market performance. What’s jumped out at you, especially in terms of both domestic and international fund performance as we’ve seen the market be so volatile over the last few months? Art Stein: Yeah, there have been two changes that really stand out to me with the TSP funds. With the TSP funds, there are two funds that …
Canada’s Inflation Rate Falls to 1.7 Percent in April as Carbon Tax Is Lifted
Canada’s inflation rate slowed to 1.7 percent in April, driven by lower energy prices following the removal of the consumer carbon tax, according to Statistics Canada. The country’s inflation rate was at 2.3 percent in March. It fell in April due to a combination of lower energy prices from the carbon tax’s removal, decreased oil demand due to U.S. tariffs, and increased oil supplies from the Organization of the Petroleum Exporting Countries, St…


Canadian inflation fell to 1.7% in April after removal of consumer carbon tax, Statistics Canada says
Prior to Tuesday’s Statistics Canada release, economists largely expected overall inflation to have fallen to 1.6 per cent from 2.3 per cent in March.
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