Canada Inflation Picks Up in May, Rising 2.9%

A surprise spike in Canadian inflation last month throws up a possible hurdle for the central bank to offer up back-to-back rate cuts and is a fresh reminder of the price pressures consumers still face.

A surprise spike in Canadian inflation last month throws up a possible hurdle for the central bank to offer up back-to-back rate cuts and is a fresh reminder of the price pressures consumers still face.