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.

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 ,

The annual inflation rate in Canada inched higher to 1.9% in January from 1.8% in the previous month, in line with market expectations.  The annual core inflation rate in Canada, which excludes components such as food,

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.