Bank of Canada has plenty of scope to hold rates steady

Bloomberg

Canadian inflation quickened in May on increases across the board, giving the Bank of Canada plenty of scope to hold interest rates steady.
The consumer price index jumped 2.4 percent from a year earlier, compared with 2 percent in April and versus a median economist forecast of 2.1 percent, Statistics Canada said from Ottawa.
It was the highest annual rate since October last year, boosted by increases in food and durable goods prices. The core inflation, a better gauge of underlying price pressures and one that’s closely watched by policy makers, rose to the highest since 2012.