Canada's annual inflation rate accelerated more than expected to 2.0% in October as gas prices fell less than the previous month, data showed on Tuesday, likely diluting chances of another large rate cut in December. "The fact that inflation backed up a fair bit is not a huge surprise. It was dealing with both an uptick in gasoline prices and very meaty property tax increases." "At the margin, this is going to be a bit of a disappointment for the Bank of Canada. Those are fairly meaty increases in core inflation, a move in the wrong direction."