Canada inflation accelerates to 2.4%

The acceleration from February's 1.8% rate highlights the significant impact of global energy volatility on the domestic economy.

While food prices showed signs of stabilization, the cost of fresh vegetables saw its highest spike in nearly three years due to supply constraints.

Prime Minister Mark Carney has characterized the country's economic ties to the US as a growing weakness amid trade uncertainty.

The data suggests that underlying inflationary pressures persist, complicating the outlook for future monetary policy adjustments.