In March, the number of trips to Canada by US residents decreased 6.6% year over year to 1.2 million trips, says Statistics Canada.

Bank of Canada Governor Tiff Macklem on Thursday said he expected second quarter growth to be "quite a bit weaker" than the first quarter, citing sluggish investment and the effect of U.S. tariffs.

Prior to Tuesday’s Statistics Canada release, economists largely expected overall inflation to have fallen to 1.6 per cent from 2.3 per cent in March.

Amid the general upward trend in Canadian grocery prices, meat shopping in Canada has become more challenging. However, while the price of most beef products has risen, pork prices have dropped, according to the latest Statistics Canada report on monthly average prices for selected food products.

Sales by Canadian manufacturers declined sharply in March as U.S. import tariffs aimed at its northern neighbor came into effect.