INFLATION IS UP! NOW WHAT?

Sunday May 21st, 2023

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Canada’s annual inflation rate rose in April.   Major contributors to that increase were the surging costs associated mortgage costs  and renting a home.

New figures released by Statistics Canada  ,  showed that mortgage interest costs ballooned by a huge 28.5% last month from the same time last year, with year-over-year rental costs spiking by 6.1% and accelerating over the previous month.

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