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.
The CHL Import draft is underway and with the 13th overall pick the IceDogs have selected Swedish D-Man Timothy Liljegren. Liljegren stands 6'1" tall, weighing in at 191lbs and was Toronto's first round selection, 17th overall at last weekend's NHL entry draft.
The IceDogs pre-season schedule has been announced with four exhibition games beginning September 1st, featuring home games in both Thorold and Beamsville. Barrie and Kitchener will provide the opposition in preparation for the 2017-2018 regular season.
A second member of the IceDogs sees his NHL dream become a reality as Ben Jones is drafted by the Vegas Golden Knights. Jones was chosen in the 7th round, 189th overall by the expansion Golden Knights in the NHL entry draft.