Canada Inflation - The Canadian Media

Bank of Canada to outline risks in financial system amid soaring inflation

June 9, 2022June 9, 2022 - by cmedia

Bank of Canada. Image credit: Wikimedia Commons Ottawa/CMEDIA: Bank of Canada has reported high household debt and elevated housing prices have posed increased risks to the Canadian financial system, These …

Canada’s annual inflation rate jumps to a new 31-year high of 6.7 pct in March

April 20, 2022April 20, 2022 - by cmedia

Ottawa/CMEDIA: The rise in Canada’s inflation rate to 6.7 percent in March, exceeded economists’ expectations with a full percentage point higher than February’s already 30-year high, Statistics Canada reported Wednesday. There was …

Bank of Canada moved to raise the key interest rate to 1 percent due to Canada’s skyrocketing inflation

April 14, 2022April 14, 2022 - by cmedia

CMEDIA/The Bank of Canada raised its key interest rate to one percent on Apr 14, the highest rate increase in more than 20 years, with a warning that rate increases could …