The latest inflation figures for both the U.S.  and Canada have been released over the past two days. The all-items inflation rate in the U.S. for March 2008 was 4.0% year over year, which was almost three times as high as Canada’s level of 1.4%. The U.S.  inflation rate, absent food and energy, was considerably more restrained than the overall rate (2.4% versus 4.0%). However, Canada’s core inflation rate was even lower at 1.3%.