Canada's inflation rate falls to 2.5%, paving way for another interest rate cut

Canada's annual inflation rate fell to 2.5 per cent last month, matching economists' forecasts and solidifying expectations for a third consecutive interest rate cut in September. Tuesday's consumer price index report saysprices for travel tours, passenger vehicles and electricity helped drive the headline figure lower. Meanwhile, shelter costs are still the main driver of inflation as Canadians face significantly higher rents and mortgage payments.The information you need to know, sent directly