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Canadian annual inflation rose to 1.9% in January

  • Canada's annual inflation rate rose to 1.9% in January, as reported by Statistics Canada.
  • Gas prices increased by 8.6%, particularly in Manitoba due to a reintroduced gas tax, according to Statistics Canada.
  • Stephen Brown noted that underlying inflation pressures are building despite the GST holiday keeping headline inflation below 2%.
  • Royce Mendes stated he believes the central bank will keep rates steady in March, dependent on tariff news and data releases.
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Bloomberg broke the news in New York, United States on Tuesday, February 18, 2025.
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