Gasoline prices driving Canadian inflation
OTTAWA -- Inflation in Canada continues to defy the experts' expectations, exhibiting stubborn staying power in the face of a weak economy and even softer employment conditions.
Provincially, inflation rose the most in Ontario to three per cent as natural gas prices shot up 38.4 per cent from a year ago and gasoline rose 9.4 per cent. Quebec recorded the lowest inflation reading in the country at 1.7 per cent.
June's gains showed more broad-based pressure on prices. Energy, particularly gasoline and natural gas, continued to be main drivers with year-over-year gains of 5.4 per cent and 19.4 per cent over last June. Both, however, were higher in May and so represented a moderating, if still significant, influence on inflation.
For the second month in a row, the annual rate hit a new two-yea
Jul 20, 2014