• May 20, 2025

Canada’s inflation slows to 1.7% as energy prices plunge

Investing.com -- Canadian inflation cooled more than expected in April, with the Consumer Price Index rising 1.7% from a year earlier, down from 2.3% in March, but higher than estimates of a 1.6% increase. A Statistics Canada report shows deceleration was largely driven by a steep 12.7% drop in energy prices, headlined by an 18.1% year-over-year decline in gasoline.

  • May 20, 2025

White House’s Miran Dismisses Inflation Risk From Tariff Hikes

(Bloomberg) -- The White House’s chief economist dismissed the idea that tariff increases will have a lasting impact on US inflation, and cited the potential for interest rates to get back down to pre-Covid levels.Most Read from BloombergAmerica, ‘Nation of Porches’NJ Transit Train Engineers Strike, Disrupting Travel to NYCNJ Transit Makes Deal With Engineers, Ending Three-Day StrikeCan Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?“Imports are only 14% of the economy — the abi