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HOUSING STARTS SLOWED IN MARCH
Canada Mortgage and Housing Corp. says the annual pace of housing starts in March slowed compared with February.
The national housing agency says the seasonally adjusted annual rate of housing starts came in at 214,155 units in March, down from 221,405 in February.
The change came as the annual pace of starts in centres with a population of 10,000 or greater fell 2.8 per cent to 203,285 compared with 209,093 in February.
The annual pace of starts of single-detached homes in centres with a population of 10,000 or greater rose one per cent to 43,012 in March, while the rate of starts of all other homes in centres with a population of 10,000 or greater fell four per cent to 160,273.
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INFLATION COOLED IN MARCH
Canadians got a break on inflation in March as gas prices fell and a slowdown in travel to the United States helped cool airfare costs, Statistics Canada said Tuesday.
The annual rate of inflation slowed to 2.3 per cent last month, down from 2.6 per cent in February. A poll provided by LSEG Data & Analytics ahead of Tuesday’s release had expected yearly inflation to hold steady month-to-month.
StatsCan said gas prices fell 1.6 per cent year-over-year in March, coming off a hike of 5.1 per cent in February.
The agency also pointed to a drop of 4.7 per cent annually in prices for travel tours last month following a sizeable jump over the long weekend in February.
Airfare costs were down 12 per cent year-over-year in March, StatsCan said, and rose only slightly month-to-month.
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WHERE THE LEADERS ARE TUESDAY
Federal party leaders are campaigning in the Montreal area ahead of the two election debates that will take place Wednesday and Thursday.
It will be the first time Liberal Leader Mark Carney and Conservative Leader Pierre Poilievre square off in a debate.
This morning, Carney is scheduled to make an announcement and hold a press conference in Saint-Eustache, Que., near Montreal, while Poilievre will hold a press conference in Montreal.
NDP Leader Jagmeet Singh, who is also scheduled to make a morning announcement in Montreal.
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