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.
Akil Thomas, Andrew Bruder and Justin MacPherson were all listed Monday by NHL Central Scouting in their final draft rankings. Among North American skaters for the June NHL draft in Dallas, Thomas was number 15, with Bruder at 114 and MacPherson ranked 201st.
The IceDogs successful 2017-2018 season came to an end in Hamilton in a 4-2 road loss Thursday night. Team Captain and 5 year Niagara forward Johnny Corneil scored the goal that started a late IceDogs comeback in the third.
The IceDogs had their way with visiting Hamilton for 40 minutes Wednesday night but couldn't hold a one goal lead, falling 4-2 in game four on home ice. It was Hamilton's first regulation win against the IceDogs in 10 tries this season.