Inflation slows to 7 per cent in August: Statistics Canada

Statistics Canada says the country's year-over-year inflation rate slowed to 7.0 per cent in August. This marks the second consecutive month where inflation has slowed, largely due to lower gas prices. This is a breaking news update. Our earlier story follows Statistics Canada is expected to release August inflation numbers this morning. The country's year-over-year inflation rate slowed in July to 7.6 per cent, largely due to lower gas prices. As gas prices continued to fall, RBC is forecasting