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It’s Monday, April 20. Here are the top stories we’re following today.
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Canada’s economy remains sluggish, as evidenced by the recent lacklustre gross domestic product and job numbers, but that didn’t stop the heads of the country’s biggest banks from maintaining their optimism about future growth and the country’s potential to become an energy superpower.
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Canada’s inflation rate accelerated to 2.4 per cent in March, up from 1.8 per cent in February, as gasoline prices spiked because of oil supply disruptions in the ongoing Iran war.
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Investing in publicly traded real estate is going to get even harder now that one of Canada’s largest shopping mall operators is going private.
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Markets are paring back their bets for a rate hike after the consumer price index accelerated to 2.4 per cent year over year in March from 1.8 per cent in February, mostly on higher gasoline prices.
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An important risk is quietly building beneath the surface that many Canadians may be overlooking, one that could accelerate now that Prime Minister Mark Carney has secured a parliamentary majority.
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