Canada’s headline inflation eased to 2.3% in January 2026, landing just below market expectations. While a 16.7% plunge in gas prices drove transportation deflation, food and restaurant costs surged due to expiring tax breaks. With the trimmed-mean core rate hitting its lowest level since 2021, the Bank of Canada appears on track to hold interest rates steady as price pressures slowly stabilize.
17-02-2026 13:50 GMT
by Zain Vawda