Feb 16, 2022 5:50 PM -
The annual rate of inflation hit 5.1 per cent in January topping five per cent for the first time in more than 30 years.
Higher prices for housing, gasoline and groceries are getting most of the blame.
The Bank of Canada's next scheduled interest rate announcement is two weeks from today, and analysts are expecting the first of what will likely be several rate hikes over the rest of the year designed to cool inflation.