Annual rate falls to 6.8% largely driven by lower energy prices, according to Office for National Statistics
Wholesale sales of selected products down 2.8% to $80.5 billion in June, with ag products leading way with 19.4% drop
Corporate balance sheets face pressure from rising interest costs
Housing markets have settled down in recent months with prices moderating
A Colliers survey said more than half of companies have finalized their hybrid work policies
Core measures of inflation eased slightly last month
But higher interest rates are weighing on economic activities dependent on credit
High prices and interest rates pose challenges to the home-building and mortgage sectors
An increase in July's report probably wouldn't be a complete surprise to the Bank of Canada
Earnings to remain under pressure as the sector faces slow growth and elevated costs