TORONTO – Maybe we crowed too early, when Canada’s annual inflation rate fell to 2.8% in June for the first time since March 2021. According to economists, in fact, we must expect a new increase: both BMO and CIBC predict – according to Global News – that inflation will settle at 3.1% in July (official data are expected in the next few hours), largely due to the increase in petrol prices. On the other hand, the US saw a similar increase in inflation, with the annual rate climbing to 3.2%, up from 3.0% in June. (more…)