Inflation Rate 2024 Canada July. Canada inflation quickens to 2.9%, reducing odds of july cut. With the unemployment rate hitting 6.4 per cent in june, along with the recently released business outlook survey suggesting further price easing ahead, money markets were pricing in.
Canada’s inflation rate likely took another dip in july, according to economists who expect the bank of canada to continue cutting interest rates. Itโs the first of two cpi reports before july 24 rate.