Canada Inflation Announcement 2024. Higher interest rates are working to ease price pressures in canada and inflation is coming down, though progress to the 2% target is slow. Inflation has fallen from its june 2022 peak of 8.1 per cent to 2.9 per cent in january and to 2.8 per cent in february 2024.
Over 1.1 million more canadians are employed today than before the pandemic, marking the fastest jobs recovery in the g7 (chart 1). Canada’s annual inflation rate held at 3.1 per cent in november, higher than analyst expectations of 2.9 per cent, statistics canada said tuesday in a report.