Canada's inflation rate fell to 1.8 per cent in December, with the federal government's GST holiday contributing to a price decline across several categories, Statistics Canada said Tuesday.

Karen Vasquez, 44, walked out of jail in Cuba on Sunday, part of a deal brokered by the Vatican under which the Biden administration would loosen sanctions on the communist-run island, while Havana would release more than 500 people from its jails who are considered political prisoners by Washington.

For the first time since 2019, Canadian inflation stayed within the central bank’s target range for a full year, a mark of achievement for policymakers ahead of a potential tariff war that threatens to derail their progress.

Canada's annual inflation rate dropped to 1.8% in December, Statistics Canada said on Tuesday, slightly lower than expected and a tick below the prior month's 1.9%. Market reaction: [CAD/] Link: COMMENTARY DOUG PORTER,

The Consumer Price Index (CPI) rose 1.8% year-over-year in December 2024, slightly down from November's 1.9%, according to Statistics Canada. The decline was largely influenced by reduced prices for food purchased from restaurants and alcoholic beverages from stores.

Canada's annual inflation rate slowed to 1.8 per cent in December, according to Statistics Canada, after rising 1.9 per cent in November. Economists polled by Reuters had expected inflation to remain unchanged at 1.

Canada's annual inflation rate dropped to 1.8% in December, Statistics Canada said on Tuesday, slightly lower than expected and a tick below the prior month's 1.9%.