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CPI Hits Brakes in February

Inflation in this country slowed last month, according to figures released Friday morning by Statistics Canada.

The agency said Canada's annual inflation rate slowed slightly in February to 2% from 2.1% in January, with higher prices for gasoline and passenger vehicles helping move the year-on-year increase.

The annual core inflation rate, which excludes gasoline prices, was 1.7% unchanged from January.