BEYOND
Canada braces for inflation above 3% in April
Gas prices push consumer costs to highest level since 2023
Canadian inflation is expected to surpass 3 per cent in April for the first time since 2023, driven by a sharp spike in gas prices. Economists surveyed ahead of Statistics Canada's data release predict the jump from March's 2.4 per cent will be significant. Energy costs remain the primary factor behind the anticipated increase.