April saw an increase in inflation. Could that pave the way for additional rate increases?
After a five-month decline, Canada’s headline inflation rate increased in April. The consumer price index increased slightly from the 4.3% growth seen in March to 4.4% in April, according to the most recent statistics from Statistics Canada. Rent rises (+6.1% year over year), petrol price increases (+6%), and mortgage interest rate increases (+28.5%) all contributed …
