Evening Update: Canada’s inflation rate takes surprising dip

News Snapshot:

Good evening, let’s start with today’s top stories: Canada’s inflation rate takes surprising dip to 2.8 per cent Canada’s inflation rate unexpectedly fell last month, while underlying price pressures seem to be retreating quickly, opening the door for the central bank to consider lowering interest rates. The Consumer Price Index rose 2.8 per cent in February on an annual basis, down from 2.9 per cent in January, Statistics Canada said Tuesday in a report. Analysts were expecting an upturn to 3.1 per cent. This was the second consecutive month that CPI growth has undershot estimates by a wide margin. The...