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.
GM Joey Burke has announced the IceDogs acquisition of D-man Elijah Roberts from the Kitchener Rangers. The IceDogs send three picks, a second and two thirds, in exchange for Roberts.
The IceDogs have hired Ted Dent as an Associate Coach. Dent comes to Niagara from the Rockford IceHogs of the AHL, the top affiliate of the Chicago Blackhawks, where he served six years as head coach and 5 years as assistant.
IceDogs Head Coach David Bell has accepted an assistant coaching position with the Ontario Reign of the AHL. After four years with the IceDogs, the last as head coach, Bell moves on to the number one affiliate of the Los Angeles Kings.