Legendary Investor Jim Rogers, Says "Eventually Everyone Will Own Gold!"

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Excerpt from Bob Chapman's, The International Forecaster
http://www.theinternationalforecaster.ca/


CANADA

Canada’s inflation rate accelerated in March to the fastest in 2 1/2 years, exceeding all economist forecasts, with widespread increases led by energy costs.
Consumer prices rose 3.3 percent from a year earlier after a 2.2 percent gain in February, Statistics Canada said today in Ottawa. Prices were up 1.1 percent on a monthly basis, the fastest since January 1991. Both gains exceeded the highest forecasts in Bloomberg surveys of 25 responses, which had median estimates of 2.8 percent for annual inflation and 0.6 percent for the monthly figure.
The report exceeds the Bank of Canada’s April 13 forecast that inflation would reach 3 percent by June, driven by temporary factors such as energy costs and higher provincial sales taxes. The economy has “material excess supply” that will lead overall and core inflation to converge at the 2 percent target in mid-2012, the bank projected.
“It definitely puts the pressure back on the Bank of Canada to raise interest rates,” said Sheryl King, head of Canada economics at Bank of America Merrill Lynch in Toronto. “It’s not going to be the end” for inflation pressures, she said, adding the economy may already be operating at full output, compared with the central bank’s prediction this will happen in the middle of next year.