Canada Inflation Steady at 2.2% as Core Measures Ease

Inflation in Canada held steady last month while core measures broadly cooled, as accelerating price increases for food and some other goods were offset by slowing services price growth.

Headline inflation rose at a 2.2% yearly pace in November, matching the pace in October, Statistics Canada data showed Monday. That was slower than the median expectation of 2.3% in a Bloomberg survey of economists.