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Inflation cooled to 6.3% in December in Canada as potential recession looms

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Inflation across Canada cooled to 6.3 per cent in December, and while many felt some relief as gas prices plunged, the cost of food remained high.

The Central Bank's next interest rate announcement is slated for Jan. 25 and money markets expect a quarter per cent hike.

Global's Anne Gaviola has more on the cost of living, interest rates and a potential recession.

For more info, please go to https://globalnews.ca/news/9414102/canada-recession-deeper-job-losses-inflation-deloitte/

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Category
U.S. & Canada
Tags
global news, inflation, inflation rate
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