Canada's inflation rate eased to 1.7 per cent in April, driven by a drop in prices after the federal government removed the consumer carbon tax, according to Statistics Canada.

Statistics Canada’s data showed prices for restaurant food contributed most to the acceleration in headline inflation, with prices slipping 1.4% from a year earlier after dropping 5.1% in January.

OTTAWA — The end of the consumer carbon price at the start of April drove inflation down sharply, Statistics Canada said Tuesday, but there were signs of pressure building at the grocery store.

There are also “psychological” reasons for a June cut, Brown argued. Should the Bank of Canada keep rates elevated, ...

The unpredictability of the United States’ trade war and signs of creeping inflation kept the Bank of Canada’s interest rate ...

The Bank of Canada maintained its benchmark rate at 2.75 per cent on Wednesday — the second straight announcement hold — but ...

A rush to get ahead of Canada’s looming tariff dispute with the United States powered economic growth in the first quarter, ...