Author: Marzio Pelù

Inflation soars to 2.6%. “And it’s just the beginning”

TORONTO – The experts had predicted it, and unfortunately they were right: the annual rate of inflation increased last month (February), rising to 2.6%, from 1.9% in January. Statistics Canada announced it today, noting that the end of the GST/HST suspension (the tax on commercial goods, suspended by former Prime Minister Justin Trudeau before Christmas, until February 15), contributed  “notable upward pressure to prices for eligible products”.