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

Canada's annual inflation rate in May was unchanged from the previous month at 1.7% as a drop in gasoline costs continued to keep the overall index stable while prices of shelter, food and transportation also cooled,

The annual pace of inflation was unchanged at 1.7 per cent last month as cooling shelter costs helped tame price pressures. The figures showed marginal improvements in some of the Bank of Canada's closely watched price figures — something economists say appears to be a step in the right direction,