The Price of Volatility: Gasoline Costs Push Canada’s Inflation to 2.4%

 
OTTAWA — In a sharp reversal of the downward trend observed earlier this year, Statistics Canada reported on Monday, April 20, 2026, that the annual inflation rate surged to 2.4% in March. This jump from February’s 1.8% was almost exclusively driven by a historic spike in gasoline prices, complicating the Bank of Canada’s efforts to maintain price stability while navigating...

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