Canada's inflation rate rose to 6.7 per cent in March, far more than economists were expecting and a full percentage point higher than February's already 30-year high, APA reports citing CBC News.
Statistics Canada reported Wednesday that all eight categories of the economy that the data agency tracks rose, from food and energy to shelter costs and transportation.
According to experts, the rise in prices for goods and services will continue. The Central Bank is preparing to increase the discount rate as a measure to combat inflation.
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