Canada's annual inflation rate drops to 2.7% in April

• The annual inflation rate in Canada eased to 2.7% in April from 2.9% in the earlier month, in line with market expectations, to mark the softest rate of consumer price growth since March 2021. 

• On a monthly basis, the Consumer Price Index in Canada increased 0.5% in April.

• Annual core inflation rate in Canada slowed to 1.6% in April, from 2% in March. 

ETFs: (EWC), (FLCA).

Currency: (USD:CAD)

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