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-0.000187890459861997 -0.000140917844896431 -0.000798534454413152 -0.00164404152379174 -0.00230165813330832 -0.00281835689792861 0.000140917844896431 -4.69726149655659E-05
Stock impact report

‘It's an energy price shock:' Canada's inflation rate to get worse, economists say [BNN Bloomberg (Canada)]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: BNN Bloomberg
The war in Iran sent gas prices soaring in March, and Canada's annual inflation rate rose to 2.4 per cent from 1.8 per cent in February, according to Statistics Canada. The agency said March saw the highest monthly jump in gasoline prices on record, and without it, inflation would have been 2.2 per cent. But gas prices are likely only going to go up higher from here, even though the inflation jump was lower than expected, says Pedro Antunes, chief economist at Signal 49 Research. “I think we're in for a run of inflation, not just in March, but in April as well,” he says. “We know that in April, gasoline prices are kind of averaging around 30 per cent above where they were in February.” The continuous high oil costs tend to ripple through the economy, explains Antunes. “It's hitting gasoline prices first, it will also translate into higher transportation costs, and that's when it starts spreading more broadly through the economy,” says Antunes. March could be described as Show less Read more
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