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Trump Helps Cool Canadian Inflation as Election Day Looms

The country reported lower-than-expected consumer price index (CPI) numbers in March, but the reason may be a bit surprising.

President Donald Trump is perhaps public enemy number one in Canada. His rhetoric about an annexation of the country in order to turn it into the “51st state” has left a bad taste in the mouths of almost every Canuck. But on Tuesday, Statistics Canada announced that inflation had lowered from 2.6 in February to 2.3 in March, largely due to Trump’s policies.

The key drivers in the reduction of the pace of inflation were lower prices for fuel and discounted travel tours, as Canadians limited their travel to the U.S. The cost of travel tours decreased by 4.7% in March while price for air travel to the U.S. tumbled 12% year-over-year, according to Statistics Canada.

Trump Helps Cool Canadian Inflation as Election Day Looms

The country reported lower-than-expected consumer price index (CPI) numbers in March, but the reason may be a bit surprising.

President Donald Trump is perhaps public enemy number one in Canada. His rhetoric about an annexation of the country in order to turn it into the “51st state” has left a bad taste in the mouths of almost every Canuck. But on Tuesday, Statistics Canada announced that inflation had lowered from 2.6 in February to 2.3 in March, largely due to Trump’s policies.

The key drivers in the reduction of the pace of inflation were lower prices for fuel and discounted travel tours, as Canadians limited their travel to the U.S. The cost of travel tours decreased by 4.7% in March while price for air travel to the U.S. tumbled 12% year-over-year, according to Statistics Canada.

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