An increase in July's report probably wouldn't be a complete surprise to the Bank of Canada
The bank decided that the cost of waiting too long to raise rates outweighed the benefits
June's decline in inflation was praised by governor Tiff Macklem, but he's also warned the central bank is ready to raise interest rates further. Why?
But Canadians continue to pay substantially higher prices for groceries
Bank says rate hike to 5% was prompted by elevated demand, driven by strong consumer spending
Forecasters say the economy has not softened enough for the central bank to back off
Businesses getting closer to pre-pandemic wage growth, according to Bank of Canada outlook survey
A dip in inflation may not be enough to stop another rate hike
Latest hike came after inflation rose slightly to 4.4% in April
Key interest rate now sits at 4.75%, highest it's been since 2001