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Canada's cost of living shows signs of accelerating

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In May 2021, Canada's inflation rate rose to 3.6 per cent. That’s the highest it’s been since 2011, which signals the cost of living is accelerating.

Interest rates are likely to climb in the months ahead.

As Anne Gaviola explains, the COVID-19 pandemic is a driving factor.

For more info, please go to https://globalnews.ca/news/7954290/canada-inflation-may/

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Category
U.S. & Canada
Tags
global news, Canada, economy
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