World Economy

Canada Inflation Concerns Mount as Central Bank Considers Rate Action

A majority of Canadian consumers expect inflation to rise over the next 12 months, complicating monetary policy decisions at the Bank of Canada as officials weigh interest-rate adjustments. The sentiment reflects persistent inflationary pressures that central bankers across North America and Europe say remain elevated despite recent moderation in some price indices. Labor market conditions remain resilient in Canada and abroad, limiting natural downward pressure on wages and costs.