Canada Inflation Climbs in January

OTTAWA—Canadian inflation increased faster than expected in January with the annual rate at the highest since June 2012 as households paid more for shelter costs, transportation and food, a development that will dim chatter of potential rate cuts.
Although inflation has now stayed below the Bank of Canada’s 2% target for 21 months, this third-consecutive acceleration in the annual rate will comfort a central bank that’s increasingly…

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