Statistics Canada is set to release its June inflation reading this morning.
Economists are forecasting inflation fell closer to three per cent, the top end of the Bank of Canada's target range.Much of the decline in inflation has been due to lower energy prices, while other prices have continued to rise rapidly.
The central bank is expecting Canada's inflation rate to hover around three per cent for the next year, before steadily declining to the two per cent target by mid-2025.
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