The pace of inflation in Canada cooled last month, offering some hope the central bank will resume lowering interest rates to help revive a sluggish economy being held down by trade uncertainty.Still,

Canada's annual inflation rate eased to 1.7% in July from 1.9% in the prior month as lower year-on-year gasoline prices kept the consumer price index low, data showed on Tuesday.

Canadian consumer prices moderated slightly and underlying pressures broadly eased. The consumer price index rose 1.7% from a year ago in July, down from June’s 1.9% increase, S