Canada's Inflation Rate Holds Steady Amid Oil Price Decline

Economists predict that Canada's inflation rate held steady at three per cent in August due to declining oil prices. However, they warn that a trade war between Canada and the US will put pressure on consumers' wallets later on.

Statistics Canada is set to release its latest consumer price index for August on Monday. A Reuters poll of economists expects annual inflation to have remained at three per cent last month, according to LSEG Data & Analytics.