U.S.-style discounts drive disinflation

OTTAWA — The Bank of Canada is struggling to keep inflation on target, and pointing some of the blame at the “deep discounts” many American chains are bringing over the border in the ongoing battle for consumer loyalty. The interest rate remained unchanged as the central bank seeks to prevent disinflation from tipping over into outright deflation. Intense retail competition is keeping the rise of consumer prices in check, reports The Globe & Mail.