Canada’s Inflation Climbs to 1.9%

Higher gasoline prices helped push Canada’s inflation to 1.9 percent in January with all regions of the country experiencing an increase. The Bank of Canada Core Index rose 0.3 percent from December to January to 2.0 percent.

However, authorities are unlikely to see the recent increase as a sign of significant inflation creeping into the Canadian economy; when the cost of energy is excluded from the calculation, inflation was a more modest 1.3 percent.

Source: The Canadian Press

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.