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Canada's annual inflation rate in April drops to 1.7%, but core measures rise
- Statistics Canada reported that Canada's annual inflation rate dropped to 1.7% in April, driven by lower energy prices across the country.
- The decrease in inflation was driven by the elimination of the federal carbon tax on consumer energy and a drop in global oil prices due to lower demand and increased output from OPEC nations.
- Despite the headline slowdown, core inflation measures, which exclude energy prices, increased to 2.9% in April, with Quebec being the only province without a slowdown due to its own cap-and-trade system.
- Senior economists Andrew Grantham and Andrew Hencic noted conflicting signals from stronger core inflation and signs of economic weakening, making the Bank of Canada's upcoming June meeting decision challenging.
- The inflation data shifted market expectations toward the Bank holding interest rates steady at 2.75% on June 4, reflecting uncertainty over the inflation trend and economic conditions.
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…
The Toronto Star
St Catharines StandardCanadian 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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