Gas prices are coming down, but experts say it may not last

After a difficult month at the pumps, Canadians saw gas prices come down slightly on Friday, but experts warn that the downward trend may not last.

Average gas prices in Canada were at $1.78 per litre on Friday, down from $1.81 on Thursday, according to CAA. GasBuddy put the average price at $1.80 on Friday, down two cents a litre compared to Thursday.

However, prices still remain much higher compared to this time last year ($1.29) and even a month ago ($1.53), according to CAA.

Whether prices continue to come down will depend on what happens 10,000 kilometres away in Islamabad on Saturday, some experts say.

Read more to find out about gas prices in Canada.

Canada’s unemployment rate remains unchanged

Canada added 14,000 jobs in March, but the country’s unemployment rate remained unchanged at 6.7 per cent, Statistics Canada said Friday.

While the employment was “little changed” last month, it comes on the back of a loss of 84,000 jobs in February, which raised the unemployment rate from 6.5 per cent to 6.7 per cent.

Job growth was led by a category the agency calls “other services,” which includes repair and maintenance work in the economy, as well as the professional, scientific and technical services and natural resources industries.

Read more to find out how other sectors did.

Soaring diesel prices hit Canadian farmers

With diesel and fertilizer prices surging, Canadian farmers are bracing for much higher costs than anticipated this growing season.

As the war in Iran persists, diesel’s price continues rising, approaching $2 per litre in much of Canada — besides parts of B.C. where prices have surpassed that.

This fuel is commonly used in farming machinery and, due to its climbing cost, may be one factor in future food price spikes.

Read more to find out how it’s affecting Canada’s farmers.