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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 [1] 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 [2]

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Scott Boyd

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