Inflation in Canada steadied in May as drivers paid less at the pump and hefty rent increases continued to cool, though the central bank may still lack a clear enough signal to cut interest rates agai

Canadian consumer prices held steady while underlying core measures eased, likely giving some relief to Bank of Canada policymakers who had raised concerns about hotter underlying inflation prints in recent months.

May inflation figures showed marginal improvements in some of the Bank of Canada's closely watched price figures — a step in the right direction, some economists say, but likely not enough to convince the central bank to cut interest rates.