Inflation

Canadian currency including $5, $10, $20, and $50 bills with several coins scattered on a white surface, illustrating Canada's economic situation as inflation rates fluctuate across different sectors

Canada’s 1.7% Inflation: Gas Down 16.1%, Food Up 3.4%

Canada’s annual inflation rate slowed to 1.7% in July, down from 1.9% in June, driven largely by falling gasoline prices. This marks continued progress toward the Bank of Canada’s 2% target, though several key cost pressures remain stubborn beneath the
August 21, 2025