Inflation rate cools to 2% in February

Canada’s inflation rate was two per cent in February, a slight cooldown from January’s level.

Statistics Canada reported Friday that if the impact of gas prices is stripped out, the cost of living increased by 1.3 per cent in the year to February. That’s also slightly less than January’s 1.5 per cent pace.

Only one province, Manitoba, saw its inflation rate heat up, from 2.1 to 2.3 per cent. In Ontario and British Columbia, the pace of increase stayed the same, at 2.3 per cent.

In all other provinces, inflation ticked lower.

More to come