this post was submitted on 27 Jun 2023
3 points (100.0% liked)

Canada Politics

26 readers
1 users here now

Canadian political news and discussion. Be respectful, remember the human!

founded 1 year ago
 

Canada's inflation rate decelerated to 3.4 per cent in the year up to May, Statistics Canada says, led by sharply lower gasoline prices.

top 1 comments
sorted by: hot top controversial new old
[–] [email protected] 2 points 1 year ago

Mostly driven by the price of gasoline going down. It's disappointing to see that mortgage interest costs are still on the rise, as well as groceries.

I'm expecting more interest rate hikes in the near future, especially if mortgage interest is a contributing factor. It really sucks that it will push home ownership even further away for some.