The strong Canadian dollar continued to eat away at Canada's inflation rate in February as prices rose a modest 1.8 per cent on an annualized basis last month, compared with 2.2 per cent in January. This was the lowest rate of overall price increases in six months, Statistics Canada said. The core index which the Bank of Canada uses to gauge underlying inflationary pressures rose slightly for the first time since June, to 1.5 per cent from 1.4 per cent on an annualized basis.

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