Unexpectedly weak inflation report
The country's annual inflation rate slowed to an unexpectedly weak 1.6 per cent last month as the continued decline in food prices played a big role in offsetting the higher cost of gasoline.
The latest reading from Statistics Canada shows the pace of inflation decelerated from February's year-over-year reading of two per cent, which was right on the Bank of Canada's ideal target.
A consensus of economists had predicted 1.8 per cent inflation for March.
Statistics Canada's consumer price index shows some of the biggest downward forces on inflation were lower prices for clothing, footwear, fresh fruit and vegetables.
The report says year-over-year food prices fell 1.9 per cent in March, a sixth-straight monthly decline.
The agency says higher costs for purchases such as gas and travel tours were among the primary contributors last month to the upward pressure on prices.
Akil Thomas of the IceDogs was named today to the OHL's All-Rookie team. Thomas was selected as the first team right winger, garnering more votes than any other first year player.
The IceDogs made 5 selections Wednesday night in the first ever Under 18 Priority Selection event. While the traditional Priority Selection draft is dominated by Minor Midget hockey players, the Under-18 draft is to identify "late bloomers" from the Major Midget hockey ranks.
Six Niagara IceDogs prospects from last weekends’ draft have been invited to participate in the upcoming 2017 OHL Gold Cup. Philip Tomasino, Billy Constantinou, Ian Martin, Christian Sbaraglia, Ryan Campbell and Mason Howard will be in Kitchener for the event May 3rd-7th.