According to CoinMeta, institutions expect the Bank of Canada to continue to adopt a wait-and-see attitude. Andrew Grantham, an economist in capital markets at Imperial Bank of Canada, stated that the Bank of Canada will not be rushed to reconsider its interest rate policy based on the July report. The overall inflation rate accelerated to 3.0%, slightly higher than expected, with energy prices and travel costs driven by the World Cup being the main factors contributing to inflation. The core inflation rate, after excluding more volatile items, remained relatively mild at around 2%, while the inflation rate without gasoline prices stayed unchanged at 2.2%. Grantham said that the Bank of Canada has ample time to assess the impact of energy prices and the tensions in US-Canada trade before deciding when to adjust its interest rate policy. The bank will announce its next interest rate decision on September 2.