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Canada’s inflation rises to 1.9% in June — What it could mean for Bank of Canada interest rate

Items like passenger vehicles, groceries, clothing and shoes went up in price in June.

Insidehaltoncom
1 min to read
Article was updated
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Vehicles on dealership lot

New vehicle prices haven’t ballooned yet, despite automotive tariffs.

The country’s inflation rate is up a bit from last year, and now economists will wait to see what the Bank of Canada does with the information.

Statistics Canada released its figures for last month today (July 15), and said the country’s inflation rose 1.9 per cent on a year-over-year basis in June, which is up from a 1.7-per cent increase seen in May.

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