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Inflation surges to highest in seven years, giving Bank of Canada room to hold rates

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Inflation surges to highest in seven years, giving Bank of Canada room to hold rates

Canadian inflation quickened in May on increases across all eight major components, giving the Bank of Canada plenty of scope to hold interest rates steady.
The consumer price index jumped 2.4 per cent from a year earlier, compared with 2 per cent in April a…
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