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Soaring gas prices brings Canada's inflation rate to rise to 2.8%

May 19, 2026 11:25 am EST.
Statistics Canada revealed the inflation rate in April spiked to 2.8 per cent as soaring gas prices continue to cause strain on the economy.

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The latest updates and breaking news, now available around the clock. Check back in with us at any time to find out what's happening, and always be the first to know. CityNews, Everywhere.

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Live Streaming 24/7

Live now
Breakfast Television

The latest updates and breaking news, now available around the clock. Check back in with us at any time to find out what's happening, and always be the first to know. CityNews, Everywhere.

Recommended Videos

0:52
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Ontario Premier Doug Ford appeared frustrated after reporters continue to apply pressure on claims his government may have altered an image from his Ford Fest that was overwhelmed with protesters.

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Croatia beats Panama 1-0 at Toronto Stadium

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10h ago

2:33
Chance of rain on Thursday

As temperatures heat up towards the end of the week, Toronto could see some rain late Wednesday and into Thursday. Meteorologist Natasha Ramsahai has your seven-day forecast.

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