Bank of Canada says high May inflation ‘keeping us up at night’

2022.06.22 18:15

FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo

OTTAWA (Reuters) – Bank of Canada senior deputy governor Carolyn Rogers (NYSE:ROG) said on Wednesday that inflation in Canada was too high and had not yet peaked, adding “it’s keeping us up at night”.

Rogers told a conference organised by the Globe and Mail newspaper that inflation in May, which hit a near 40-year high of 7.7%, was not entirely unexpected.

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