Annual inflation rate increased to 2.9% in March

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Statistics Canada will release its consumer price index for March on inflation this morning.

A person prepares to fill up at a gas station in Mississauga, Ont., Tuesday, February 13, 2024. -- Statistics Canada says the annual inflation rate ticked higher in March compared with February, boosted by higher prices for gasoline.

Mortgage interest costs in March rose 25.4 per cent on a year-over-year basis, while rent prices in March increased 8.5 per cent compared with a year earlier. A fire raged through one of Copenhagen's oldest buildings on Tuesday, causing the collapse of the iconic spire from the 17th-century Old Stock Exchange as passersby rushed to help emergency services save priceless paintings and other valuables.

The ship crash that destroyed Baltimore’s Francis Scott Key Bridge and left several people dead is now under federal criminal investigation, according to a U.S. official familiar with the matter.Canadians will learn Tuesday the entirety of the federal Liberal government's new spending plans, and how they intend to pay for them, when Deputy Prime Minister and Finance Minister Chrystia Freeland tables the 2024 federal budget.

General Motors will move its Detroit headquarters to a new downtown office building next year and work to redevelop its iconic home along the Detroit River, company and city officials confirmed Monday.Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant.

Alberta legislation pitched to protect provincial priorities could slow down grant funding and allow federal money to be spent elsewhere, say officials representing rural municipalities and faculty members at post-secondary institutions.Canadians will learn Tuesday the entirety of the federal Liberal government's new spending plans, and how they intend to pay for them, when Deputy Prime Minister and Finance Minister Chrystia Freeland tables the 2024 federal budget.A young Okotoks, Alta.

 

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