BCBusiness
Canada's inflation rate has, well, inflated. The country's annual rate hit 3 percent in July, up half a percentage point from July and the highest such level since 2011, according to CBC News. Every province saw an increase, with inflation climbing 3.3 percent in B.C. Newfoundland...
Canada‘s inflation rate has, well, inflated. The country‘s annual rate hit 3 percent in July, up half a percentage point from June and the highest such level since 2011, according to CBC News.
Every province saw an increase, with inflation climbing 3.3 percent in B.C. The results from coast to coast:
The main causes of the bump? Air transportation and gasoline prices, which surged 28.2 percent and 25.4 percent, respectively, in the past year.
The BCBusiness editorial team lives for big ideas, bold entrepreneurs and the business stories that make B.C. tick.
Get the latest headlines delivered to your inbox 3 times a week, and you’ll be entered to win a pair of Kanto’s newest compact desktop speakers—Uki in the colour “Chalk,” as well as a pair of SU2 stands. Prize value is $330 CAD. Each newsletter subscription = 1 entry. Giveaway closes December 12. The winner will be contacted by an @canadawide.com email. Contest is only open to Canadian residents, excluding Quebec.