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StatsCan releases July CPI

Consumer prices rose 1.8% in the 12 months to July, following a 1.0% increase in June. In July, consumer prices were affected by changes in consumption taxes in Nova Scotia, Ontario, and British Columbia. Read more:

Canadian households: Among highest debt-to-income ratios in the world

In the past few weeks some of Canada’s most respected economic authorities, including Bank of Canada Governor Mark Carney, have voiced concerns over the fragility of the recovery, globally and at home. Now Paul Krugman joins that chorus of Cassandras, pointing his finger straight at the wishful thinkers who say Canada’s heavy lifting is done when it comes to economic recovery. Read more:

Carney Rate-Increase Odds Dip Below 50% on Slower Inflation: Canada Credit

For the first time since the Bank of Canada raised interest rates on July 20, bond traders bet that Governor Mark Carney will leave borrowing costs unchanged when he and his fellow policy makers meet in two weeks. Read more: