CIBC capital markets economist Andrew Grantham said the Bank of Canada is unlikely to rush to re-evaluate policy after July CPI accelerated to 3.0%, slightly above forecasts, driven by energy and World Cup-related travel costs. Core inflation excluding volatile items remained around 2%, and inflation excluding gasoline held at 2.2%. Grantham said the BoC has ample time to assess the impact of energy prices and US-Canada trade tensions before adjusting rates; the next decision is Sept. 2.