Canadian inflation would have accelerated further in January were it not for Ottawa’s tax holiday, putting the Bank of Canada in an awkward position when it comes to its next interest rate decision ,

Canada's annual inflation rate rose 1.9% in January, up from 1.8% in December as lower prices helped by a sales tax reprieve were partly offset by higher cost of gasoline and natural gas, data showed on Tuesday.

Economists are more confident the Bank of Canada might pause its interest rate cuts next month — tariffs notwithstanding — as Canada's annual inflation rate ticked back up in January.

Canada’s inflation rate climbed to 1.9 per cent in January, up from 1.8 per cent the month before, as Canadians faced increased energy costs to start the year, Statistics Canada said on Tuesday. Energy prices rose 5.

Canada's annual inflation rate edged up to 1.9% in January, as higher energy prices offset the effect of the GST/HST "holiday" on food and certain other items, Statistics Canada said on Tuesday. Analysts had expected annual inflation rate to rise to 1.