Canadian inflation cooled to 7.6 per cent year-over-year in July, according to the latest data from Statistics Canada. 
 
The consumer price index data came in line with what Bay Street had forecasted. The median estimate among economists tracked by Bloomberg was for a 7.6 per cent year-over-year rise in July. 
 
CPI came in at 8.1 per cent in June. 
 
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