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Canadian Inflation Cooled in January - Integrated Mortgage Planners
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Canadian Inflation Cooled in January - Integrated Mortgage Planners
Last Tuesday Statistics Canada confirmed that our Consumer Price Index (CPI) cooled to 2.3% in January on a year-over-year basis, down from 2.4% in December. That result keeps our CPI a little above the Bank of Canada’s (BoC) 2% target, but that is primarily because of base effects tied to the federal government’s GST/HST holiday, which ran from mid-December 2024 to mid-February 2025. (Our CPI would have been 2.1% with the GST/HST holiday stripp…
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