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Canadian inflation eases in July, but central bank says it is still too high
August 16, 2022
3:31 PM EDT
Last Updated 10 days ago
Canadian inflation eases in July, but central bank says it is still too high
By Julie Gordon
OTTAWA, Aug 16 (Reuters) - Canada's inflation eased slightly in July on lower gasoline prices, official data showed on Tuesday, prompting the central bank governor to say that the annual rate may have peaked but will "remain too high for some time".
Reporting by Julie Gordon in Ottawa; Additional reporting by Dale Smith and Steve Scherer in Ottawa, and Fergal Smith in Toronto; Editing by Peter Graff, Alex Richardson, Deepa Babington and Sandra Maler
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3:31 PM EDT
Last Updated 10 days ago
Canadian inflation eases in July, but central bank says it is still too high
By Julie Gordon
OTTAWA, Aug 16 (Reuters) - Canada's inflation eased slightly in July on lower gasoline prices, official data showed on Tuesday, prompting the central bank governor to say that the annual rate may have peaked but will "remain too high for some time".
Reporting by Julie Gordon in Ottawa; Additional reporting by Dale Smith and Steve Scherer in Ottawa, and Fergal Smith in Toronto; Editing by Peter Graff, Alex Richardson, Deepa Babington and Sandra Maler
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