Inflation rate swings back to positive territory in June, up 0.7% for the year

Inflation rate swings back to positive territory in June, up 0.7% for the year

Canada’s inflation rate swung back into positive territory in June, with consumer prices rising at a 0.7 per cent annual pace. In May, during the depths of COVID-19 lockdowns, Canada’s inflation rate dipped to  -0.4 per cent, the second straight month below zero. If inflation below zero persists, that’s a very worrisome economic trend known as […]