Canadian inflation rate disappoints markets in May

Canada's Consumer Price Index dropped to 1.5% in May, following the previous month's 1.7%, Statisctics Canada announced on Friday. Meanwhile, analysts anticipated a slight decrease to 1.6% in the fifth month of the year. On an annual basis, the BoC's core CPI declined to 2.1% from April's 2.2%, in line with analysts' expectations.