According to reports from Jinshi Data, driven by falling energy prices and the end of the federal consumer carbon tax, Canada's overall inflation rate in April fell to its lowest level in eight months. Statistics Canada reported that the overall CPI in Canada rose by 1.7% compared to the same period last year. Economists at TD Securities pointed out that the market originally expected the index to drop from 2.3% last month to 1.6%. Month-on-month, prices fell by 0.1%, while the market generally expected a decline of 0.2%.