Canada: Annual CPI rises to 6.8% in April

The pace of annual inflation in Canada according to the Consumer Price Index (CPI) rose to 6.8% in April, data released by Statistics Canada on Wednesday showed. That was slightly above expectations for a YoY rate of CPI to come in unchanged from March at 6.7% in April. MoM, prices rose at a pace of 0.6% according to the CPI, above the expected rise of 0.5% and down from last month’s 1.4% gain.