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What is the rate of inflation in Canada?
Rounding it up
The rate of inflation in Canada was .72% in 2020
The Bank of Canada tries to keep the inflation rate at 2%
Gentle inflation is the sign of a thriving economy with full employment and plentiful spending
Inflation encourages consumers to buy now since the value of the dollar will inevitably decrease
Dan Bucherer
Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.
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