The Financial Post reports in its Wednesday edition that after inflation growth held steady in May at 1.7 per cent year-over-year, economists are pondering whether it provides enough evidence for the Bank of Canada to cut rates at its next policy meeting in July. The Post's Gigi Suhanic writes that core CPI-median and CPI-trim inflation grew 3 per cent in May, down from 3.2 per cent and 3.1 per cent in April, respectively, matching analyst estimates, while remaining well above the BoC's inflation target of 2 per cent. BoC policy-makers have focused attention on inflation and the possibility that tariffs could cause another spike. One more inflation report is due before the next interest rate announcement July 30. The Bank of Canada's target range for inflation is 1 per cent to 3 per cent. In May, "there was good news all around" as the four core inflation measures decelerated, said Andrew Hencic, director and senior economist at TD Economics. Mr. Hencic said the jobs market has stalled and that should "keep a lid on inflation," but a lot depends on how negotiations over tariffs play out. "But we believe that the soft economic backdrop should give the BoC space to deliver two more cuts this year," he said in a note.