Canada's inflation cools to 2% in August, the smallest gain since early 2021

Canada's annual inflation rate reached the central bank's target in August at it cooled to 2 per cent, its lowest level since February 2021, data showed on Tuesday. The closely watched core price measures also cooled to their lowest level in 40 months while month-on-month consumer prices deflated by 0.2 per cent, Statistics Canada said. Analysts polled by Reuters had forecast the consumer price index (CPI) to cool to 2.1 per cent from 2.5 per cent in July on an annual basis, and expected it to b