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Inflation slows to 7.6 per cent in July

Statistics Canada says the country's year-over-year inflation rate slowed to 7.6 per cent in July. The drop from the nearly 40-year high of 8.1 per cent in June was driven by a decline in gas prices.

FILE - Gas prices are displayed in Carleton Place, Ont., May 17, 2022. THE CANADIAN PRESS/Sean Kilpatrick


OPINION | Economists are forecasting a recession, how should you prepare?

The next time the Bank of Canada raises interest rates on the scheduled date of September 7, 2022, it could potentially trigger a recession. Although there may be a chance that we don’t enter into a recession and the BoC is still hoping for a soft landing, it’s best to be prepared. Contributor Christopher Liew explains how.