Canada, inflation and April
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Statistics Canada says the end of the consumer carbon price at the start of April drove inflation down sharply for the month, but grocery prices rose. Prices for food rose 3.8 per cent last month, Statscan said,
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 has effectively suspended almost all of its retaliatory tariffs on US products, tamping down inflation risks and improving its growth outlook, according to Oxford Economics.
Inflation, economic uncertainty, and stagnant wages have made it expensive to live in Canada, so finding side hustles is one way to earn extra