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In a trade war, you pay more. Welcome back, inflation

Inflation in Canada rose to 2.6 percent in February, exceeding the Bank of Canada's target rate of two percent, as reported by Statistics Canada.
The end of the federal HST/GST tax break on February 15 added taxes back to eligible products, putting upward pressure on consumer prices, according to Statistics Canada.
Tiff Macklem, governor of the Bank of Canada, indicated that inflation is a crucial guide for setting interest rates, which were raised to stabilize inflation.
Statistics Canada noted that tariffs imposed by the United States will impact prices paid by Canadian consumers in upcoming months.

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The Globe & Mail

In a trade war, you pay more. Welcome back, inflation

This projected rise in inflation doesn’t look like much in comparison to the heights of 2022. But given how stressed people are about past inflation, it’s going to hurt

9 hours ago·Canada

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BNN Bloomberg

Canada forecasted to face higher inflation, ‘shallow recession’ this year: TD Economics

As inflation ticked higher last month, one economist says Canada could be facing higher prices and a technical recession.

1 day ago·Canada

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The Hamilton Spectator

+8 Reposted by 8 other sources

Inflation spikes in February as tax break ends in Canada

Trade war tariffs will have an impact on prices paid by Canadian consumers in the coming months, Statistics Canada says.

1 day ago·Hamilton, Canada

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RETAIL INSIDER

Consumer prices spike in February: Statistics Canada

The imposition of tariffs by the United States and/or countermeasure tariffs by the Canadian government will have an impact on prices paid by Canadian consumers in the coming months, says Statistics Canada. The post Consumer prices spike in February: Statistics Canada appeared first on Retail Insider.

2 days ago

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