News of the day: Inflation rate spikes, Bank of Canada to hold rates, retirement phases, Churchill Falls deal, HST rebate drives home sales and more (opens original article in a new tab)

Canadian inflation rises to 3.2% in May, Bank of Canada to keep rates steady, HST rebate boosts home sales.

• Canadian inflation rate increased to 3.2% in May, the highest in over two years due to rising gasoline and food prices
• Bank of Canada is expected to maintain current interest rates despite the inflation spike
• HST rebate program contributed to increased new home sales in the Greater Toronto Area