INSTANT VIEW 2-Canada July consumer prices rise

Newswire

TORONTO, Aug 20 (Reuters) - A spike in energy costs and a new consumption tax in some provinces pushed up Canada's annual inflation rate to 1.8 percent in July from 1.0 percent in June, but still put little pressure on the central bank to raise interest rates. LINKS: Story: [ID:nN20500487] http://www.statcan.ca/start.html COMMENTARY: PAUL FERLEY, ASSISTANT CHIEF ECONOMIST, ROYAL BANK OF CANADA "CPI registered the impact of the (harmonized sales tax) so we saw a sizeable increase ...

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