Inflation rate 1.6% for second month amid higher energy prices, lower food costs
The country's annual inflation rate once again rang in at 1.6 per cent last month as higher energy costs offset a seventh consecutive monthly decline in grocery prices.
Statistics Canada's latest consumer price index says higher prices for gasoline and natural gas were the biggest upward inflation drivers in April, year-over-year.
On the other hand, the agency says fresh produce and clothing applied the most downward pressure on the inflation rate.
Annual inflation was also 1.6 per cent in March and, according to Thomson Reuters, a consensus of economists had predicted 1.7 per cent inflation for April.
Statistics Canada is also releasing retail trade numbers that show total sales in March delivered a larger than expected rebound to increase by 0.7 per cent following a month-over-month contraction of 0.4 per cent in February.
The agency says total retail trade in March was nearly $48.3 billion thanks to stronger sales at motor vehicle and parts dealers.
IceDogs captain Ryan Mantha has picked up yet another honour for his great play in 2016-2017. Mantha has been named a second team OHL All-Star.
IceDogs goaltending coach Ryan Ludzik has signed a contract extension with the OHL Club. Ludzik was a part of the IceDogs championship team in 2015-2016 and transitioned successfully to the very young version of the IceDogs.
IceDogs GM Joey Burke announced today that 2017 First Round Selection Philip Tomasino has signed a Standard Player Agreement with the Club. The forward, selected in the 1st round, 5th overall by the IceDogs in this year’s Ontario Hockey League Priority Selection.