News of the day: Inflation creeps higher, Bank of Canada in no rush, AI speeds up drug discovery, RBC joins Wrexham, manufacturing sales surge and more

It’s Monday, August 17. Here are the top stories we’re following today.

Higher gasoline prices pushed Canada’s inflation rate up to three per cent in July, but economists said they’ll be watching whether new 50 per cent U.S. tariffs go into effect this week to determine which way the Consumer Price Index will move next.

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No rush for Bank of Canada to raise interest rate even as inflation rate hits 3%, say economists

Here’s what economists say the inflation data might mean for the economy and interest rates.

How their mother’s death spurred two brothers to speed up the drug discovery process through AI