Canada's inflation caught observers off guard—holding flat in the latest reading while core measures eased across the board. Here's the twist: softer service inflation got overshadowed by accelerating goods prices, keeping overall pressure from cooling as much as expected. For those tracking macro headwinds, this mixed signal matters. Services weakness typically signals demand softening, but sticky goods costs—driven by supply chain tightness and commodity moves—suggest persistent underlying pressure. The divergence here is worth watching, especially as central banks fine-tune their next moves.