Canada, inflation
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Canada’s annual rate of inflation slowed to 1.7 per cent in April, Statistics Canada reported on Tuesday, down from 2.3 per cent in March.
The Canadian Press on MSN21h
Grocery price increases outpace overall inflation for third straight month: StatCanDespite the annual pace of inflation cooling last month, Statistics Canada says shoppers continue to see the cost of groceries rise at a faster rate.
The Canadian dollar strengthened against its U.S. counterpart on Tuesday as investors slashed bets on a Bank of Canada interest rate cut next month after domestic data showed underlying inflation heating up.
Canada’s inflation rate cooled to 1.7 per cent in April, helped by the removal of the consumer carbon tax and low oil prices, Statistics Canada said on Tuesday. Gasoline led the decline in consumer energy prices, falling 18.1 per cent year-over-year and ...