Statistics Canada reports increase in GDP by an annualized rate of 1%, beating expectations
Central bankers face additional source of price pressure
Fiscal, monetary policy tends to ease, uncertainty rises in election years
Growth forecast revised up, rate cuts still slated for second half
While Canada turned positive, fourth quarter GDP slowed in G7
Shelter costs skewing economic picture, impairing monetary policy
Lower food prices help offset higher energy costs
The consumer price index rose 0.3% from December to January and 3.1% from a year ago
Central bank acknowledges rate-hiking cycle is likely over, but hasn't ruled out raising rates further amid inflation pressures
The central bank says shelter costs are now the primary driver of above-target inflation