Canada's inflation rate--and what it means for your investments.

The article discusses Canada's inflation rate and its implications for investments. The annual rate of inflation, as measured by the Consumer Price Index (CPI), fell to 2.7% in June, down from 2.9% in May, largely due to slower growth in gasoline prices. The Bank of Canada aims to keep inflation within a target range of 1% to 3% and closely monitors it. Inflation erodes the profit made on investments, and it is important to consider inflation when evaluating investment options. Stocks and bonds can be affected by inflation, but some investments, such as short-term bonds and guaranteed investment certificates (GICs), may be more resilient. The Bank of Canada is determined to bring inflation back down to 2%. [Extracted from the article]