As the country's real estate market cools, the Canadian Real Estate Association is expected to release home sales figures for July on Monday. Home sales in June were down 24 per cent compared with a year earlier.Statistics Canada will release its monthly survey of manufacturing for June on Monday. The data comes after the agency reported that the Canadian economy stayed flat in May, with real gross domestic product remaining unchanged in May after a 0.3 per cent expansion in April.
1 billion, boosted by higher sales in the food, beverage and tobacco subsector and the machinery, equipment and supplies group.The latest reading on inflation is expected Tuesday when Statistics Canada reports its consumer price index for July. The report for June showed the annual inflation rate rose to 8.1 per cent compared with a year ago, its hottest pace in nearly 40 years. Economists are predicting Canada's inflation rate may have peaked in June as gas prices soared.
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