Bank of Canada Rate Cut Odds for June Fall After April Inflation Data

LILLEY: Liberals lied on the carbon tax, according to Statistics Canada data

Inflation dropped. Why? The consumer carbon tax was eliminated -- despite the Liberals claiming the levy wasn't making life more expensive.

Toronto (Canada), 20 May (EFE).- Inflation in Canada slowed down again in April and fell to 1.7 % year-on-year, six tenths less than in March, thanks to the disappearance of the carbon tax, said on Tuesday the public agency Statistics Canada (EC). Their data indicate that energy prices fell in the country by 12.7 % in April due to the disappearance of the unpopular carbon tax along with the global drop in the price of oil. Only the price of gaso…

Quebec is the only province that maintains its carbon tax system for consumers.

Bank of Canada rate cut odds for June fall after April inflation data

Signs that underlying inflation was picking up in April put the Bank of Canada in a tricky position ahead of its June interest rate decision, with some economists arguing a second straight pause is now more likely.

April inflation plummets to 1.7 per cent with the end of consumer carbon tax

The end of the consumer carbon price at the start of April drove inflation down sharply, Statistics Canada said Tuesday, but there were signs of pressure building at the grocery store.

Albertas annual inflation rate tumbles in April, lowest west of Atlantic Canada #CanPoli #CDNNews #CanadaPolitics #CanadaVotes

The annual rate of inflation in Alberta took a big dip in April. The latest numbers from Statistics Canada show the cost of living increased by 1.5 per cent in April, compared to the same month a year earlier — and that’s down from the 2.8 per cent inflation rate in March of this year. It’s also below the national inflation rate of 1.7 per cent in April and the lowest rate for any province outside of Atlantic Canada. Stats Canada credits a decli…