Higher Gas Prices Send Canada’s Inflation to a Two-Year Peak

Morningstar·Jun 22

✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source

Canada's inflation has reached a two-year peak, with higher gas prices being a contributing factor. The increase in gas prices is attributed to conflict, possibly related to Iran, which has led to an oil surge. The impact of this inflation on the Bank of Canada's interest rate decisions is uncertain, with some indications that rate hikes could be considered to fight inflation, while others suggest that rates may remain steady.

Full coverage

Iran conflict sends Canada inflation to two-year high

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Morningstar·Mar 16

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Higher Gas Prices Send Canada’s Inflation to a Two-Year Peak

Full coverage

Iran conflict sends Canada inflation to two-year high

Despite Gas-Fueled Inflation, April CPI Seen Giving Bank of Canada Room to Avoid Rate Hikes

Oil Surge from Iran War Fuels Canadian Inflation Spike in March

Canadian Inflation Falls in February, but Oil Shock Keeps the Lid on Rate Cut Prospects

What to Expect from the Bank of Canada’s April Meeting

Surprise Job Gains in May Are Unlikely to Spur a Bank of Canada Rate Move

Keeping Interest Rates Steady, Bank of Canada Acknowledges Its “Dilemma”

Bank of Canada Signals Inflation-Fighting Rate Hikes Could Be in the Cards