Overall inflation in Canada up 3 per cent
Inflation accelerated to 3% in July, up from 2.8% in June, fuelled by another jump in gasoline prices. For now, higher energy costs aren't leading to broader inflation, so economists expect the Bank of Canada to hold off from raising interest rates at its next meeting on September 2. Jacqueline Hansen has more.
Related Stories
Economy
Global Markets Weekly Update
16 hours ago
Economy
US debt hits $40 trillion: Who does Washington owe and why does it matter?
1 day ago
Economy
US debt has hit $40tn – Will that be a wake
1 day ago
Economy
Iran rejects Trump's threat of 'economic warfare' on 'unprecedented scale'
1 day ago
Economy
UK inflation rises to 2.9% as Iran war drives up energy bills
2 days ago
Economy
Global borrowing costs hit fresh highs on oil, AI and inflation
3 days ago
Economy
No rush for Bank of Canada to raise interest rate even as inflation rate hits 3%, say economists
4 days ago
Economy
'I Want Your Sex' starring Olivia Wilde, Cooper Hoffman takes on Gen Z's sex recession with provocative film
4 days ago