Canada’s annual inflation rate rose slightly last month, accelerated largely by higher gas prices, data showed Tuesday. Statistics Canada reported that the overall inflation rate in the country was 2.9 per cent year-over-year in March, up from 2.8 per cent the previous month. Governor of the Bank of Canada Tiff Macklem weighed-in on the data, saying that in his opinion, the "...
But these signs of stress are most concentrated among Canadians who don’t have a mortgage, particularly renters. The Bank of Canada also warned, however, that those renewing their mortgages in the coming years are expected to see bigger jumps in their monthly payments than those who renewed since the start of the rate hike cycle.
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