Monday, July 6, 2026
ADVT 
National

Unexpected dip in inflation rate in June

Darpan News Desk The Canadian Press, 17 Jul, 2024 03:25 PM
  • Unexpected dip in inflation rate in June

The inflation rate fell to 2.7 per cent in June, but the pace of growth in grocery prices accelerated for the second month in a row.

Statistics Canada reports grocery prices rose 2.1 per cent year-over-year in June, up from May's increase of 1.5 per cent. 

This is the last inflation report before the Bank of Canada's next interest rate decision next Wednesday.

C-I-B-C senior economist Katherine Judge says this morning's data gives the Bank of Canada what it needs in order to cut interest rates.

B-MO macro strategist Benjamin Reitzes predicts it will be a bit of a grind to reach the central bank's target of annual inflation rate of two per cent and doesn't think it will hit that mark before mid-to-late next year.

Canada's annual inflation rate was 2.7 per cent in June, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets):

— St. John's, N.L.: 2.8 per cent (3.2)

— Charlottetown-Summerside: 3.7 per cent (3.4)

— Halifax: 3.6 per cent (3.8)

— Saint John, N.B.: 2.6 per cent (2.7)

— Quebec City: 2.2 per cent (3.0)

— Montreal: 2.5 per cent (3.2)

— Ottawa: 2.7 per cent (2.7)

— Toronto: 3.4 per cent (3.4)

— Thunder Bay, Ont.: 1.6 per cent (2.2)

— Winnipeg: 1.5 per cent (1.4)

— Regina: 1.4 per cent (1.5)

— Saskatoon: 1.9 per cent (1.5)

— Edmonton: 2.7 per cent (2.8)

— Calgary: 3.6 per cent (3.6)

— Vancouver: 2.3 per cent (3.1)

— Victoria: 2.9 per cent (2.9)

— Whitehorse: 1.9 per cent (2.3)

— Yellowknife: 1.8 per cent (2.6)

— Iqaluit: 1.0 per cent (0.6)

Canada's annual inflation rate was 2.7 per cent in June, Statistics Canada says. Here's what happened in the provinces (previous month in brackets):

— Newfoundland and Labrador: 2.3 per cent (2.6)

— Prince Edward Island: 3.4 per cent (3.2)

— Nova Scotia: 3.5 per cent (3.7)

— New Brunswick: 2.8 per cent (2.9)

— Quebec: 2.2 per cent (3.1)

— Ontario: 3.0 per cent (3.0)

— Manitoba: 1.4 per cent (1.3)

— Saskatchewan: 1.4 per cent (1.5)

— Alberta: 3.0 per cent (3.0)

— British Columbia: 2.6 per cent (2.9)

MORE National ARTICLES

Military 'will be there' for Canadians in emergencies despite resource strain: Blair

Military 'will be there' for Canadians in emergencies despite resource strain: Blair
Defence Minister Bill Blair says the military's greatest responsibility is protecting Canadians, and his government intends to keep calling on them for help in domestic emergencies. Blair says he knows responding to natural disasters puts a lot of pressure on the Armed Forces, which is dealing with a personnel shortage of more than 16,000 troops. 

Military 'will be there' for Canadians in emergencies despite resource strain: Blair

Vancouver approves high-density Jericho Lands project criticized by some residents

Vancouver approves high-density Jericho Lands project criticized by some residents
Vancouver's city council has approved a high-density development concept for a 36-hectare site on the city's west side, involving13,000 new homes. The Council says the Jericho Lands Policy Statement sets the direction for development of the land owned by a joint venture that includes three First Nations.

Vancouver approves high-density Jericho Lands project criticized by some residents

Robots Tarzan and Jane, aided by AI, take over repetitive tasks at B.C. hospital lab

Robots Tarzan and Jane, aided by AI, take over repetitive tasks at B.C. hospital lab
Far from the jungle, Tarzan and Jane swing quietly into action in a sterile laboratory at St. Paul's Hospital in downtown Vancouver. They are robots that work with artificial intelligence to handle and process up to 70 per cent of the hospital's microbiology samples. The pair unscrew specimen tubes and streak the samples onto bacterial culture plates in the new $1-million automated WASPLab, short for "walk-away specimen processor."

Robots Tarzan and Jane, aided by AI, take over repetitive tasks at B.C. hospital lab

Ali's lawyers fear dead girl's dad, as police probe claim he brought gun to court

Ali's lawyers fear dead girl's dad, as police probe claim he brought gun to court
The father of a murdered 13-year-old girl has been under police investigation for allegedly bringing a gun into a Vancouver courtroom on the day that Ibrahim Ali was convicted of the killing, the man's lawyer has told a hearing. Lawyers for Ali are refusing to show up to court for post-trial proceedings citing safety concerns about the man, who can't be named because of a publication ban on the identity of the murdered girl.

Ali's lawyers fear dead girl's dad, as police probe claim he brought gun to court

Man faces seven charges after Edmonton City Hall shooting

Man faces seven charges after Edmonton City Hall shooting
Police say a man is facing seven charges after shots were fired and a Molotov cocktail was thrown at Edmonton City Hall.  The alleged offences include arson, possessing incendiary materials and discharging a firearm into a building.

Man faces seven charges after Edmonton City Hall shooting

Be on lookout for car thief

Be on lookout for car thief
Kelowna R-C-M-P are asking residents to be on the lookout for a man suspected of trying to defraud multiple car dealerships. Police say a dealership recently reported that the suspect had produced four driver's licences showing different names with the same identification photo.  

Be on lookout for car thief