Canada's inflation drops below 6% for 1st time in almost a year
CA, 22 Feb 2023
Canada's annual inflation rate continued to ease in January, dropping below six per cent for the first time in nearly a year, which has economists saying there's a reason for optimism.
The drop is likely going to mean good news for interest rates, but it doesn't mean Canadians are going to stop having to dig into their wallets just yet.
Sitting now at 5.9 per cent, the number is lower than many economists were expecting and is a sign that things are going in the right direction. But as Anne Gaviola explains, costs remain sky-high for many Canadians and relief may be further away than originally thought.
For more info, please go to https://globalnews.ca/news/9499986/canada-inflation-january-2023/
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The drop is likely going to mean good news for interest rates, but it doesn't mean Canadians are going to stop having to dig into their wallets just yet.
Sitting now at 5.9 per cent, the number is lower than many economists were expecting and is a sign that things are going in the right direction. But as Anne Gaviola explains, costs remain sky-high for many Canadians and relief may be further away than originally thought.
For more info, please go to https://globalnews.ca/news/9499986/canada-inflation-january-2023/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
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