As the heat beats down on the southeast, many will be going for cold treats like ice cream but may find prices raised. That's similarly reported for other foods, as the most recent Consumer Price Index numbers from Statistics Canada showed a 3.

Canada's main stock index inched lower on Monday as investors avoided big bets ahead of domestic inflation data due on Tuesday and a key U.S. central bank conference starting on Friday. At 9:55 a.m. ET (1355 GMT),

Canada’s Core Inflation Rate MoM for July remained unchanged at 0.1%, consistent with the previous month’s figure. This stability indicates a

Consumer inflation in Canada rose by less than expected in July, according to Statistics Canada, as falling gasoline prices offset price increases elsewhere.

The annual rate of inflation cooled to 1.7 per cent in July, according to Statistics Canada, down from 1.9 per cent in June. Lower gasoline prices fuelled the decline, but the agency says Canadians were facing higher costs at the grocery store last month.

Statistics Canada will issue the Consumer Price Index (CPI) for July on Tuesday. This will attract the market's attention since it will provide the Bank of Canada (BoC) with fresh information on how inflation is changing, which they use to set interest rates.

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Consumer sentiment in the United States is reaching lows not seen since the Great Recession. Will Canada be next to feel the ripple effects of the trade war?