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July inflation decelerates as car prices shift into reverse: StatCan
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July inflation decelerates as car prices shift into reverse: StatCan
Description
3 hours ago
The annual rate of inflation cooled to 2.5 per cent in July, the slowest pace for price growth since March 2021, Statistics Canada said Tuesday. According to the agency, the deceleration in price hikes was “broad-based” last month, with lower prices for travel tours, passenger vehicles and electricity. Anne Gaviola has more on why this relief on paper may not feel like much of a reprieve in real-life and how this paves the way for another Bank of Canada interest rate cut in early September.
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July inflation decelerates as car prices shift into reverse: StatCan01:46 | 3 hours ago
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The benefits of RV seasonal camping01:21 | 10 minutes ago
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Why going solar might be perfect for your next RV trip01:25 | 11 minutes ago
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Why are two rescued sea otter pups going on display at Vancouver Aquarium?02:29 | 15 minutes ago
-
Saskatchewan para swimmer Shelby Newkirk entering second Paralympics with podium hopes02:03 | 17 minutes ago
-
Ontario bans supervised consumption sites near schools02:33 | 28 minutes ago
-
Global News at 6 Halifax: Aug. 20, 202411:46 | 36 minutes ago
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Global News at 6 New Brunswick: Aug. 20, 202410:07 | 37 minutes ago
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Montreal asks for day services at controversial shelter to be moved after sustained public outcry01:38 | 43 minutes ago
-
Debby in Montreal: Legault government accused of not taking widespread flood damage seriously02:13 | 43 minutes ago
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Shania Twain shares video of reuniting with Newfoundland fan on stage — 40 years later00:41 | 44 minutes ago
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Quebec to cut number of temporary immigrants in Montreal, with plans to limit foreign students too02:25 | 44 minutes ago
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Construction projects impacting Canadian small businesses02:22 | 49 minutes ago
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Disability advocates concerned by billion dollar Toronto courthouse02:03 | 52 minutes ago
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Update one year after N.B. First Nation enacts local lockdown01:37 | 1 hour ago
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Temporary foreign workers suing N.B. lobster processing plant01:46 | 1 hour ago
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Community concerns after Hants County bridge is closed for repairs01:52 | 1 hour ago
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Victims of N.S. high school stabbing make victim impact statements01:18 | 1 hour ago
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Upper Hammonds Plains community worried to hear hydrants in area not capable of fire suppression02:06 | 1 hour ago
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CFIB on potential impact of national rail strike on small businesses05:33 | 2 hours ago
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Altercation at Napanee conservation park leaves residents worried01:51 | 2 hours ago
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Devastating impact work stoppage for Canada’s two major railways could have on businesses03:20 | 2 hours ago
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Ontario to ban drug consumption sites near schools, child-care centres: Sylvia Jones04:22 | 2 hours ago
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Kursk offensive: Putin says he’ll ‘punish the criminals’ as Russia bolsters border security02:35 | 3 hours ago
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‘They tried to kill your predecessors’: Raskin warns JD Vance during DNC speech02:57 | 4 hours ago
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Canadian Urban Transit Association says major cities struggling to keep public transit alive02:13 | 4 hours ago
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Man charged after dozens of shots fired near north Edmonton spray park02:03 | 4 hours ago
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Shots ring out near north Edmonton spray park00:23 | 5 hours ago
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DNC 2024: Ocasio-Cortez calls Trump a ‘two-bit union buster,’ urges America to vote Harris04:00 | 5 hours ago
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Rare blue supermoon rises in cities across globe in celestial spectacle02:06 | 6 hours ago
-
Sicily yacht sinking: Search continues for 6 tourists, including tech tycoon Mike Lynch01:32 | 6 hours ago
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July inflation decelerates as car prices shift into reverse: StatCan01:46 | 3 hours ago
-
The benefits of RV seasonal camping01:21 | 10 minutes ago
-
Why going solar might be perfect for your next RV trip01:25 | 11 minutes ago
-
Why are two rescued sea otter pups going on display at Vancouver Aquarium?02:29 | 15 minutes ago
-
Saskatchewan para swimmer Shelby Newkirk entering second Paralympics with podium hopes02:03 | 17 minutes ago
-
Ontario bans supervised consumption sites near schools02:33 | 28 minutes ago
-
Global News at 6 Halifax: Aug. 20, 202411:46 | 36 minutes ago
-
Global News at 6 New Brunswick: Aug. 20, 202410:07 | 37 minutes ago
-
Montreal asks for day services at controversial shelter to be moved after sustained public outcry01:38 | 43 minutes ago
-
Debby in Montreal: Legault government accused of not taking widespread flood damage seriously02:13 | 43 minutes ago
-
Shania Twain shares video of reuniting with Newfoundland fan on stage — 40 years later00:41 | 44 minutes ago
-
Quebec to cut number of temporary immigrants in Montreal, with plans to limit foreign students too02:25 | 44 minutes ago
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Construction projects impacting Canadian small businesses02:22 | 49 minutes ago
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Disability advocates concerned by billion dollar Toronto courthouse02:03 | 52 minutes ago
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Update one year after N.B. First Nation enacts local lockdown01:37 | 1 hour ago
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Temporary foreign workers suing N.B. lobster processing plant01:46 | 1 hour ago
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Community concerns after Hants County bridge is closed for repairs01:52 | 1 hour ago
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Victims of N.S. high school stabbing make victim impact statements01:18 | 1 hour ago
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Upper Hammonds Plains community worried to hear hydrants in area not capable of fire suppression02:06 | 1 hour ago
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CFIB on potential impact of national rail strike on small businesses05:33 | 2 hours ago
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Altercation at Napanee conservation park leaves residents worried01:51 | 2 hours ago
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Devastating impact work stoppage for Canada’s two major railways could have on businesses03:20 | 2 hours ago
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Ontario to ban drug consumption sites near schools, child-care centres: Sylvia Jones04:22 | 2 hours ago
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Kursk offensive: Putin says he’ll ‘punish the criminals’ as Russia bolsters border security02:35 | 3 hours ago
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‘They tried to kill your predecessors’: Raskin warns JD Vance during DNC speech02:57 | 4 hours ago
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Canadian Urban Transit Association says major cities struggling to keep public transit alive02:13 | 4 hours ago
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Man charged after dozens of shots fired near north Edmonton spray park02:03 | 4 hours ago
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Shots ring out near north Edmonton spray park00:23 | 5 hours ago
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DNC 2024: Ocasio-Cortez calls Trump a ‘two-bit union buster,’ urges America to vote Harris04:00 | 5 hours ago
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Rare blue supermoon rises in cities across globe in celestial spectacle02:06 | 6 hours ago
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Sicily yacht sinking: Search continues for 6 tourists, including tech tycoon Mike Lynch01:32 | 6 hours ago
July inflation decelerates as car prices shift into reverse: StatCan
Description
3 hours ago
The annual rate of inflation cooled to 2.5 per cent in July, the slowest pace for price growth since March 2021, Statistics Canada said Tuesday. According to the agency, the deceleration in price hikes was “broad-based” last month, with lower prices for travel tours, passenger vehicles and electricity. Anne Gaviola has more on why this relief on paper may not feel like much of a reprieve in real-life and how this paves the way for another Bank of Canada interest rate cut in early September.
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