Bank of Canada rethinking inflation framework amid persistent shocks Senior deputy governor Carolyn Rogers said the Bank of Canada wants to be sure it is working to get a better grasp on where price pressures are heading. Drive gently and carry a loyalty card: ways to take the edge off high pump pricesAdvice for you and your customers on driving smart to navigate higher gas prices. Inflation rises to 2.4% in December in ‘tax holiday’ rebound: StatCan Grocery store inflation has been accelerating in recent months, rising 4.7% year-over-year in November. Inflation steady at 2.2% in November despite grocery price hike While some prices have fallen, rising grocery prices continue to pinch Canadian’s wallets. Inflation cools to 2.2% in October as gas, grocery prices fall Keeping the overall inflation rate sticky in October was a rare increase in cellular service costs. Inflation jumps to 2.4% in September thanks to gas, grocery costs StatCan noted that annual price hikes at the grocery store have largely trended higher since a recent low in April 2024. Inflation ticks higher to 1.9% in August, short of economists’ expectations Rising rents and mortgage interest costs remain the biggest factors pushing the annual inflation rate higher. Inflation rate cools to 1.7% in July thanks to lower gas prices: StatCan Beyond the gas pumps, there are signs of prices accelerating at the grocery store and in housing. 1.4M consumers missed a credit payment in second quarter: Equifax report High unemployment, economic uncertainty and trade disruption making it harder to some to keep up payments. Statistics Canada reports household debt-to-income ratio ticked higher in Q1 Canadians take on more debt as worries grow over the economy. 1 2 3 4 5 Next Last
