The pace of rising prices hit its highest level since February 2003
Funds will be required to build the electricity system, retrofit buildings and train workers
Consumers say they expect inflation to slow once the pandemic ends
The greatest risk remains the pandemic, the Bank of Canada governor said
Finance Department, Bank of Canada were told to avoid issuing new long bonds
Supply-chain disruptions helped drive the price growth
The economy added 90,000 jobs in August, while the unemployment rate fell to 7.1% for the month
Driving the drop were declines in home resale activity and exports
Headline inflation hit 3.7% in July — the highest year-over-year increase since 2011
Minister Freeland said the government is also freezing rates for the wage and rent subsidies at current levels