Weaker pump prices help inflation cool to 1.7%, the lowest reading in a year

OTTAWA — The annual pace of inflation slowed considerably last month to 1.7 per cent as upward pressure from higher gasoline prices eased off, Statistics Canada said in a report Wednesday. The agency’s latest inflation number was the weakest year-over-year increase since January 2018 — and far cooler than October’s reading of 2.4 per cent. Inflation for September was 2.2 per cent. […]