Nye said he expects the central bank to maintain a cautious tone in their policy announcement next week, reinforcing market expectations that a rate hike is unlikely this year. Economists surveyed by Bloomberg had forecast the index would rise 1.7 percent on the back of higher gasoline prices.
The three new measures of core inflation that the Bank of Canada set previous year remained muted.
Economists said the reports released by Statistics Canada on Friday were not likely to move the Bank of Canada off the sidelines when it meets next week.
In addition, the cost of kids' clothing was 6.2 per cent lower and women's clothes cost 2.8 per cent less in April, compared with a year earlier.
Sirius XM Holdings Inc. (NASDAQ:SIRI) Valuation According To Analysts
Earnings per share (EPS ) is the portion of a company's profit allocated to each outstanding share of common stock. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion.
Manitoba's retail sales also edged higher in March, rising by 0.3 per cent to $1.64 billion from $1.63 billion in February.
The annual headline inflation rate matched Statistics Canada's 1.6 per cent reading for March, but was slightly below a consensus estimate of 1.7 per cent, according to Thomson Reuters data. CPI-common stayed at 1.3 per cent last month, CPI-median decelerated to 1.6 per cent from 1.7 per cent and CPI-trim slowed to 1.3 per cent from 1.4 per cent.
Prices rose at a slower pace year-over-year in five provinces, while they were unchanged in two provinces.
Canadian retail sales rose more than expected in March, driven by increased purchases at new and used cars dealers, as well as electronics and appliance stores, data from Statistics Canada showed on Friday.
- EVMs can be tampered with in 90 secs: Kejriwal
- Mort de Victor Lanoux : "un homme sensible aux aventures humaines"
- Huddersfield and Sheffield Wednesday in play-off stalemate
- Swedes drop rape case against WikiLeaks' Assange
- Lonzo to work out for Lakers only, LaVar says
- How to protect yourself from the global ransomware attack
- Flipkart, Amazon top LinkedIn's companies list
- Trump allies come up with the wrong response to the Comey bombshell
- Crucial 14th GST council meeting in Srinagar from Thursday
- John McCain: Throw Turkish ambassador out of US