Canada's annual inflation rate in April drops to 1.7%, but core measures rise
- Statistics Canada reported Canada's annual inflation rate fell to 1.7 percent in April, down from 2.3 percent in March.
- The significant drop in inflation was largely driven by the elimination of the national carbon tax on consumers, which led to an 18.1 percent decrease in gas prices compared to the previous year.
- Excluding energy prices, core inflation rose to 2.9 percent in April from 2.5 percent in March, and Quebec was unique in not experiencing slower inflation due to its separate cap-and-trade system.
- Senior economists noted that while headline inflation eased, stronger core inflation and signs of economic weakening complicate the Bank of Canada's upcoming decision on interest rates.
- The Bank of Canada will meet in early June amid market uncertainty, balancing resilient core price pressures against weakening employment trends and scaled-back expectations for rate cuts.
64 Articles
64 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.
Coverage Details
Bias Distribution
- 59% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage