NEWS

Inflation in Canada rises to 2.4% in June

07/18/2014 08:45 EDT | Updated 09/17/2014 05:59 EDT
The cost of living in Canada increased by 2.4 per cent in the year ended in June, an uptick of 0.1 percentage points from May's level and farther out on the high side of the range the Bank of Canada likes to see in setting interest rates.

Statistics Canada said higher prices for food, shelter and transportation were the main drivers for the increase. But all categories that the agency monitors were higher.

Across the country, Ontario posted the largest increase with an inflation rate of three per cent, while Quebec recorded the smallest, at 1.7 per cent.

More to come

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