Kiefer Van mulligen

Canada’s CPI grew by 1.9 per cent in August, with year-over-year growth remaining below the Bank of Canada’s 2.0 per cent inflation target for the fifth consecutive month.

Despite the trade conflict with the United States, consumer price growth in Canada slowed in July, growing by 1.7 per cent (y/y), down from a 1.9 per cent increase in June.

Canada’s inflation rate rose in June, even as the headline figure remained below the Bank of Canada’s 2 per cent target.

President Donald Trump’s administration has put Canada–U.S. relations on edge, and Canadians are finding ways to support local industry as much as possible. However, the U.S. government’s tariffs have focused on goods, leaving services trade largely ignored—and services are one spot where Canadians can hit back.

As immigration targets are reduced, population growth slows, and trade tensions persist, Canada's labour market is poised to face continued headwinds in the coming years.

In March, Canada’s CPI growth decelerated to 2.3 per cent—down from 2.6 per cent in February. Lower gasoline prices helped ease overall price growth.

CPI growth picked up sharply in February as the GST holiday ended.

In January, higher energy costs accelerated the pace of consumer price growth. Gasoline prices were sharply higher than a year ago.

As the threat of broad U.S. tariffs loomed over Canadian producers, manufacturing sales increased by 0.3 per cent in December.

In December, the CPI remained below the 2.0 per cent midpoint of the Bank of Canada’s inflation-control target range.