Canada Inflation Holds at 3% as Gasoline Price Growth Slows

The headline number masks a split picture: gasoline is still the dominant driver even as its growth cools, while shelter and travel costs are quietly doing the offsetting work. For markets, the more telling detail is the Bank of Canada's preferred core measures sitting at or below the 2% target midpoint, which suggests underlying pressure is contained even with headline inflation stuck at 3%. Whether gasoline's deceleration continues and whether rent and travel costs keep building are the two forces worth watching next.