UPDATE 2-Canada July inflation rate highest since 2003

Newswire

(Adds analysts, market reaction, background) By Louise Egan OTTAWA, Aug 21 (Reuters) - Soaring gasoline prices drove Canada's inflation rate in July to its highest in more than five years, but the upswing was widely expected and did little to change the view that the central bank will keep interest rates on hold in September. The annual inflation rate quickened to 3.4 percent in July from 3.1 percent in June, the highest rate since March 2003, Statistics Canada said on Thursday. But ...

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