A big drop in Canada's inflation rate for March, even bigger than expected. The Y/Y Consumer Price Index fell to 1.9% last month, down from 2.6% in February. Analysts had forecast 2%. Annual core inflation also stands at 1.9% for March, down from 2.3% in February. The decline is broadly based, with 6 out of 8 components - particularly food and fuel - posting slower Y/Y increases.
Canada's leading indicators rose at a slower rate in March - 0.4% - following a 0.7% increase in February. It's the 9th consecutive monthly increase with 8 of 10 components advancing.
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