Reported about 2 months ago
Inflation in Canada slowed to 2.5% in July, the lowest rate in over three years, supporting predictions for a rate cut by the Bank of Canada next month. This decrease was attributed to lower prices in several sectors, including travel, auto, and electricity. With a broad-based deceleration and steady core inflation measures, economists anticipate further cuts in the upcoming months to stimulate economic growth amidst rising unemployment and stagnant job growth.
Source: YAHOO