In March, Canadian inflation rose less than expected, with the consumer price index up by 2.3% compared with the same period last year, while only by 0.3% on a monthly basis. Market expectations were forecast to rise by 2.4% on yearly basis and by 0.4% on a monthly basis.
Core inflation, which excludes gasoline prices, rose by 1.4 percent on yearly basis and by 0.4 percent on a monthly basis.
The Bank of Canada is trying to keep inflation at 2% in the midpoint of target range 1-3% over the medium term.
On the other hand, Canada's retail sales rose by 0.4% in February from January's rise by 0.1%, better than expectations of a 0.3% rise.
