The following is excerpted from the 29 June 2011 issue of Reuters Canada.

Canadian inflation rose to its highest level in more than eight years in May, boosting the Canadian dollar and raising the prospect the central bank will raise interest rates sooner than previously expected.

Annual inflation hit 3.7 percent, well above expectations and far above the Bank of Canada's 2.0 percent target, according to Statistics Canada data on Wednesday...

The article is available in its entirety on the Reuters Canada website at:

http://ca.reuters.com/article/domesticNews/idCATRE75S25W20110629

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