Canada’s inflation rate likely dropped in August, but economists warn it might not have been by as much as you were hoping. With Statistics Canada set to announce the Consumer Price Index — the standard, broad-based measure of inflation — for August on Tuesday, economists surveyed by Bloomberg expect the stated rate of inflation to be 7.2 per cent. That’s down from July, when prices were 7.6 per cent higher than they’d been a year earlier. But that estimate should come with a big caveat after inflation turned out to be higher than expected in the U.S. during August, warned David Macdonald, senior economist at the ... (full story)