Canada's annual inflation rate surprised economists by dropping to a 27-month low of 2.8 percent in June as energy prices declined, a Reuters report said. However, the news wasn't all positive, as food and shelter costs saw an increase despite the Bank of Canada implementing ten interest rate hikes in less than 18 months.

Canada's inflation hits 27-month low amid lingering underlying pressures

As restrictions imposed to curb the coronavirus outbreak in Canada are eased, the country's annual inflation rate in June has witnessed its biggest jump.

Canada inflation rate jumps highest in 9 years

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Canada's inflation hits 27-month low amid lingering underlying pressures

Canada inflation rate jumps highest in 9 years