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flag Statistics Canada to release April inflation data, expected to drop to 1.6%, influenced by carbon price removal.

flag Statistics Canada will release April inflation data, expected to show a decrease to 1.6% from March's 2.3%, due to the removal of the consumer carbon price. flag The data also reflect the first full month of tariffs between Canada and the U.S., though economists do not expect tariffs to significantly raise inflation. flag The figures precede the Bank of Canada's next interest rate decision on June 4.

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