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Five things to watch for in the Canadian business world in the coming week

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Annual Inflation Rate News

Bank Of Canada,Consumer Price Index,Statistics Canada

TORONTO — Five things to watch for in the Canadian business world in the coming week: Inflation Statistics Canada will release its consumer price index for...

Statistics Canada will release its consumer price index for April on Tuesday. The reading comes after the annual inflation rate ticked up to 2.9 per cent in March compared with 2.8 per cent in February. The April reading on how fast the cost of living is rising will be closely watched by the Bank of Canada ahead of its interest rate decision on June 5.Suncor Energy Inc. will hold a webcast to provide its near term business outlook.

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Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today... StatCan to release April inflation report today Statistics Canada is set to release its April consumer price index report this morning. Economists expect Canada's annual inflation rate fell slightly last month from 2.9 per cent in March. RBC is forecasting prices were 2.7 per cent higher in April compared with a year ago.

Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields and volatility in check, and boosting risk assets. But there's a cloud that shows no sign of lifting: China.

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