Canada Hits ‘Milestone Moment’ as Inflation Rate Drops Below 3%, Says Freeland

Canada Hits ‘Milestone Moment’ as Inflation Rate Drops Below 3%, Says Freeland
Deputy Prime Minister and Finance Minister Chrystia Freeland arrives for a cabinet meeting on Parliament Hill in Ottawa on April 18, 2023. The Canadian Press/Sean Kilpatrick
Peter Wilson
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Finance Minister Chrystia Freeland says that Canada has hit a “milestone moment” as the nation’s inflation rate dropped below 3 percent in June, according to a recent Statistics Canada report, which is its lowest point in about two years.

“That is a significant moment. It should provide a lot of relief to Canadians,” Ms. Freeland told reporters via teleconference on July 18 from Delhi, India, where she was attending a G20 finance ministers’ meeting, according to CTV News.