Politics Briefing: Inflation rate ticked higher in March, markets bet on June rate cut

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Easing price pressures underscore the potential for the Bank of Canada to lower interest rates; Plus, the federal budget 2024 to be presented at 4 p.m. ET

Canada’s inflation rate ticked higher in March, but an easing of other price pressures underscored the potential for the Bank of Canada to lower interest rates in June.rose 2.9 per cent in March from a year earlier, up from 2.8 per cent in February, Statistics Canada said today in a report. This result matched expectations on Bay Street and was partly owing to a 4.9-per-cent increase in gas prices, month over month.

University of Alberta under fire for not acting on over $1-million in donations linked to Waffen-SS unit:says he is horrified by the unacceptable behaviour of fisheries and conservation officers,Scientists fired from Winnipeg lab still under investigation, Public Safety Minister says:to regulate private nursing agencies,

A suspicious package delivered to Queen’s Park on Thursday was determined by an officer with the police explosives unit to be a package of powdered gravy,Victoria Barber Shop, a popular stop for MPs across the street from the Commons, this year is marking a century in operation,

 

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