Bank of Canada Inflation Report

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Business & Economics

Bank of Canada hoping for better look at 'complicated' inflation picture

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Bank of Canada hoping for better look at complicated’ inflation picture.

Statistics Canada is expected to publish its consumer price index for May on Tuesday .

April figures showed the annual inflation rate slowed sharply to 1.7 per cent , thanks to a drop in gasoline prices tied to the end of the consumer carbon price.

If inflation shows signs of remaining well contained in those releases, Reitzes said the Bank of Canada might find a window to lower interest rates to boost the economy in the face of tariffs. “They’ll probably take that opportunity, but inflation needs to provide them with that,” he said. “And at the moment it is not doing so.” This report by The Canadian Press was first published June 22, 2025 . Craig Lord , The Canadian Press .

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English

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