The Daily Chase: Inflation climbs 4.4% in April; WestJet prepares for possible strike - BNN Bloomberg

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The Daily Chase: Inflation climbs 4.4% in April; WestJet prepares for possible strike - BNN Bloomberg
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It looks like there's been a bump in the road in the Bank of Canada's ongoing fight against inflation.

It looks like there’s been a bump in the road in the Bank of Canada’s ongoing fight against inflation., an acceleration from the 4.3 per cent seen a month earlier and well above average economist estimates of 4.1 per cent – the first increase in headline inflation since last June.

The company has issued a lockout notice in response to the Air Line Pilots Association's strike notice , with the potential for a lockout to begin at 3 a.m. MDT this Friday. WestJet says the lockout notice does not necessarily mean a stoppage will occur, but that it is beginning preparations to operate a reduced schedule and will refund or work out a solution for travellers impacted.

U.S. Treasury Secretary Janet Yellen is warning that “time is running out” to avert a serious crisis due to a failure to raise the U.S. debt ceiling.Notable data: Consumer Price Index, Manufacturing Sales & Orders, U.S. Retail Sales, U.S. Industrial Production and Capacity Utilization, NAHB Housing Index, U.S. Business Inventories

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