OTTAWA — Inflation in Canada finally appears to have peaked, but it nonetheless remains too high to dissuade the Bank of Canada from raising interest rates significantly in September, economists say. The year-over-year inflation rate slowed to 7.6 per cent in July, Statistics Canada reported Tuesday, with the deceleration largely driven by a decline in gas prices even as prices for food, rent and travel continued to rise. Economists had pointed to the nearly 40-year high of 8.1 per cent in June
— Read on ca.finance.yahoo.com/news/statistics-canada-release-july-inflation-080000556.html
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