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Canada’s inflation rate drops to 1.7% in April, led by lower prices at the pumps

The end of the consumer carbon price at the start of April drove inflation down to 1.7 per cent in the month, according to Statistics Canada. But prices for food climbed as U.S. President Donald Trump’s tariffs began to bite. Anne Gaviola has more on what this means for your household and the Bank of Canada’s next interest rate announcement on June 4.

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