Inflation eases in March, gives central bank more wiggle room

April 23, 2010

Inflationary pressures in Canada eased considerably last month, putting into question expectations that the Bank of Canada will be raising interest rates in a matter of weeks.

Statistics Canada reported Friday that Canada's annual inflation rate slipped by two-tenths of a point to 1.4 per cent, and the closely watched Bank of Canada core rate fell even further _ by four-tenths of a point to 1.7 per cent in March.

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