Canada’s inflation rate holds surprisingly steady in November as consumer prices face upward pressure
In a speech on Friday, Bank of Canada Governor Tiff Macklem said inflation could get ‘close’ to the bank’s 2 per cent target by late next year, though he also said it was ‘still too early to consider cutting our policy rate’
![Canada’s inflation rate holds surprisingly steady in November as consumer prices face upward pressure](https://www.theglobeandmail.com/resizer/v2/Y6DCMIYTORCZVDMUVBFJVI7ZU4.jpg?auth=9370ee9ad0d26a063398d709944c2051a4048c6e7974d8fefaf5f442b8411eb0&width=560&quality=80#)
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In a speech on Friday, Bank of Canada Governor Tiff Macklem said inflation could get ‘close’ to the bank’s 2 per cent target by late next year, though he also said it was ‘still too early to consider cutting our policy rate’