OTTAWA — Statistics Canada says the cost of telecommunications services continues to come down, helping to drive the national inflation rate lower last month. Consumers who signed on to a cellphone plan in February paid 26.5 per cent less than they did during the same month a year ago and comes after a 16.4 per cent year-over-year decline in January. The federal agency says the year-over-year decrease was driven by lower prices for new plans and increases in data allowances for some cellular ser
Occidental Petroleum's CEO said the company will focus on paying off debt for the next couple of years as it puts a pause on aggressive share buybacks.
Statistics Canada says contributors to the deceleration included an easing of grocery prices, and the cost of cellular services and internet access services.