Money: Canadian inflation rises in April; gas prices strengthen from carbon pricing - PressFrom - Canada

MoneyCanadian inflation rises in April; gas prices strengthen from carbon pricing

16:16  15 may  2019
16:16  15 may  2019 Source:

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Carbon pricing in Canada is a tax levied on the carbon content of fuels at the Canadian provincial, territorial or federal level. Provinces and territories of Canada can create their own system of carbon

Canadian gas prices rose steadily from early 2016, but this year have fallen just as suddenly. Statistics Canada said on Wednesday that gasoline prices "That informs a near-term dovish Bank of Canada . No hike in the first quarter (of 2019), probably returning to a hike in April is still our call

Canadian inflation rises in April; gas prices strengthen from carbon pricing© Provided by Canadian Press Enterprises Inc

OTTAWA — Canada's annual inflation rate picked up its pace in April — a month that saw stronger price pressures on gasoline in provinces that have new carbon-pricing systems.

Statistics Canada's consumer price index increased two per cent last month, up from its reading of 1.9 per cent in March and 1.5 per cent in February.

The April reading, which matched the expectations of economists, brings the measure in line with the Bank of Canada's ideal inflation target of two per cent — a neutral position that doesn't put immediate pressure on governor Stephen Poloz to adjust interest rates.

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McCarthy, Shawn, " Carbon Pricing in Canada ". In The Canadian Encyclopedia. By influencing the price of a commodity like gasoline , through carbon pricing , governments aim to discourage its use In April 2019, the federal government imposed a carbon tax on four provinces whose plans did not to

Energy prices were 7.5 per cent higher than a year earlier, while gas prices were up 17.1 per cent. The report also says the average of the Bank of The Bank of Canada scrutinizes inflation when it considers interest-rate decisions. Its rate hikes can be used as a tool to help prevent inflation from

Consumers paid more for mortgage borrowing costs, fresh vegetables and auto sales last month, while they saw lower price tags for hotels, kids' clothing and digital equipment.

The report says the six provinces where carbon levies were introduced or increased in April saw larger month-over-month rise in prices at the pump.

The provinces include New Brunswick, Ontario, Manitoba and Saskatchewan, which were mandated to follow the federal carbon-pricing system, as well as Prince Edward Island and B.C., which made voluntary carbon-levy changes.

The average of Canada's three gauges for core inflation, which are considered better measures of underlying price pressures by omitting volatile items like gasoline, slowed slightly to 1.9 per cent in April, down from two per cent the previous month.

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Excluding the gasoline price index, Canada ’s consumer prices increased by 1.5 percent year over Among the Canadian provinces, gasoline prices increased the most in Alberta—by 30 percent on the year “We also got a beat on the inflation figures for November, with the monthly and year-on-year

Canadian inflation spiked to its highest rate in more than two years in January, as new carbon While economists had anticipated a rise in January, it was bigger than expected. While the jump in gas prices was the biggest driver of January's CPI spike, year-over-year price gains were generally

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