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Inflation’s downward slide could force pause in...

Canadian inflation resumed tracking lower last month after an extraordinary spike in July that accompanied increases in sales taxes in three provinces. Statistics Canada said Tuesday that consumer prices edged down one-tenth of a point to an annualized rate of 1.7 per cent in August from last year, and were also 0.1 of a percentage point lower than in July.

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Canadian inflation resumed tracking lower last month after an extraordinary spike in July that accompanied increases in sales taxes in three provinces. Statistics Canada said Tuesday that consumer prices edged down one-tenth of a point to an annualized rate of 1.7 per cent in August from last year, and were also 0.1 of a percentage point lower than in July.