Statistics Canada says prices rose 2% in August from a year ago, the lowest mark since February of 2021 and down from 2.5% in July. The slowdown in price growth was steeper than forecasters expected and will likely spark speculation of a larger interest rate cut next month from the Bank of Canada. Governor Tiff Macklem recently signalled that the central bank is ready to deliver larger interest rate cuts, if inflation or the economy slow by more than expected.
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