Inflation Heated Up to 4.2% in May, as Energy Costs Continued to Bite

Consumer prices rose at their fastest pace in three years, but were in line with expectations.

Bank of Canada Holds Interest Rates Steady As Officials Grapple With Policy Dilemma

The Bank of Canada left its policy rate unchanged at 2.25%, with Gov. Tiff Macklem saying this marked the best approach to addressing the dual-side risks of a weak economy and higher energy prices.

Three Days of Clashes Show the Iran Conflict Is Entering a Dangerous New Phase