Inflation in Canada cools slightly in March, but pressures remain – National
Descrease article font size
Increase article font size
Overall inflation eased for Canadians in March, but the end of the GST/HST holiday and U.S. President Donald Trumpβs trade war continues to stress consumers in Canada.
Statistics Canada said Tuesday that the annual pace of inflation cooled to 2.3 per cent in March, compared to 2.6 per cent the month before.The numbers defied analysts expectations, who expected inflation to remain unchanged from February. Experts believe that Canada managed to keep the rate of inflation below two per cent until December because of the GST/HST holiday, which lasted from Dec. 9 to Feb. 15.
Get breaking National news
For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
Statistics Canada said the slowdown in prices was led largely by Canadians paying less for tourism, airfare and gasoline.More to come.
5:27
Your Money: Lower gas prices and newer tariffs
© 2025 Global News, a division of Corus Entertainment Inc.