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Canada's inflation rate could spike to 3% on rising gas prices from Iran war, economists warn

Some economists say Canadian inflation’s drop could soon be thwarted and reverse to as high as three per cent or more in the coming months if the war in Iran continues. Inflation in February came in at 1.8 per cent year over year, according to consumer price index (CPI) data released on Monday by Statistics Canada, slightly cooler than expectations for 1.9 per cent and down from 2.3 per cent in January. [...]