Something to catch the eyes and ears of investors nationwide: inflation is at highs we haven't seen for years.,
Statistics Canada says the annual pace of inflation in April rose to its highest level in nearly a decade as gasoline prices posted a record increase compared with a year ago, when they plunged due to the pandemic.
The annual pace of inflation rose to 3.4% in April, up from a 2.2% year-over-year increase in the consumer price index in March.
The increase in April set a new pandemic-era high for the third time in as many months of readings from Statistics Canada, and was the highest reading since May 2011 when the consumer price index rose 3.7%.
