Statistics Canada to release August inflation data this morning

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 the annual inflation rate in August was 7.2 per cent. The federal government announced last week a slate of measures to help low and modest-income Canadians deal with decades-high inflation, including doubling the GST rebate for six months. The Bank of Canada