The Financial Post reports in its Wednesday edition that June's consumer inflation data should be a welcome sign for Canadians hoping for an interest rate cut next week. The Post's Ben Cousins writes that Statistics Canada on Tuesday said inflation slowed to 2.7 per cent last month, a noticeable bounce-back from the 2.9-per-cent increase in May. The dip was largely due to lower gas prices, which climbed 0.4 per cent year-over-year compared with 5.6 per cent in May. Shelter prices also dropped during the month. After the scare in May, economists believe the Bank of Canada now has the green light to make another interest rate cut next week. The Bank of Canada's Business Outlook Survey pointed to further disinflationary pressures to come. RBC economist Claire Fan says the survey results should lead the BOC to an interest rate cut, even though the latest inflation figures may be slightly high. "Yesterday's second-quarter release of the Business Outlook Survey largely confirmed further normalizing in a few key areas that the central bank has deemed critical to future inflation trends, including firms' pricing behaviour, their expectations for inflation in the future as well as wage growth," Ms. Fan said in a note.