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Inflation ticks up to 2.9% in May as Canadians paid more for services

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Inflation News

Bank Of Canada,Interest Rate,Statistics Canada

Statistics Canada said inflation on services drove up the headline figure as Canadians paid more on rent, cell services, travel tours and air transportation.

Interest rate cuts ‘reasonable’ to expect if inflation lines up with Bank of Canada’s expectations: Macklem

Travel to the United States drove the increases in travel costs, the agency noted.

 

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