BMO chief economist Douglas Porter said while soaring gasoline prices are pushing inflation above the Bank of Canada's target, underlying price pressures remain relatively contained.
Ottawa's gas tax pause is offering a bigger break at the pumps to the households that earn the most largely because they buy more fuel, the parliamentary budget officer says in a new report.
Diesel prices have risen to historic levels over the past month, filtering through to all corners of the economy as shippers and consumers struggle to absorb the blow.
