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Ottawa inflation rate holds steady at 1.6% in April


Market expectations were for a 1.7% increase in April, according to economists at Royal Bank of Canada.

In its latest monthly Consumer Price Index (CPI) report released on Friday, Statistics Canada said Manitoba was one of two provinces to see no change in their annual inflation rate from March to April.

"The modest core inflation we're seeing is probably the single, strongest argument the Bank of Canada has to do nothing", Porter said, adding that ongoing uncertainty over USA policy, particularly on trade, would be up there as well.

1 dead, 22 hurt after auto crashes into Times Square crowd
Associated Press writers Libby Quaid in Washington and Jennifer Peltz and Jake Pearson in NY contributed to this report. Tourists Patrick and Kelly Graves of Sheboygan, Wisconsin, were waiting to get on a tour bus when they heard the crash.

The Bank of Canada's "common" core rate was 1.3 percent in April, the "median" core rate was 1.6 percent and the "trim" measure was 1.3 percent.

Saskatchewan's annual inflation rate sped up to 1.4 per cent last month after rising just 0.6 per cent in March.

CPI median, which shows the median rate across the various components, edged down to 1.6 percent. Still, the downward pace moderated from the previous month's annual 1.9 percent drop. Prices were 1.6 per cent higher than a year earlier.

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El hombre mató al hincha de Boca por haber gritado un gol en la puerta de un bar del barrio porteño San Telmo . Olivera se molestó después de que le joven gritara un gol y comenzó a insultarlo.

The agency says total retail trade in March was almost $48.3 billion thanks to stronger sales at motor vehicle and parts dealers.

The gain in retail sales suggests that the economy is continuing to be supported by consumers, said Jimmy Jean, senior economist at Desjardins.

There was also a strong 3.1% increase in electronics sales to give a 11.2% annual gain.

Russian FM mocks USA media over intelligence-sharing reports
At the press conference, Lavrov also said Russian Federation would like to improve its relations with the European Union (EU). A combination of file photos showing Russian Foreign Minister Sergei Lavrov and US President Donald Trump, May 17, 2016.

"It does appear that it will extend a bit into the second quarter", he said.

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