Canadian mortgage lending growth slid to the slowest since 2001 in July, reflecting the central bank's tightening campaign to tackle stubborn inflation.

Household mortgage lending rose 3.4% from a year ago according to Statistics Canada data released Tuesday, from a pace of 3.8% in June. The pace of lending was 3.5% in May 2001 and earlier that year it slowed to 2.7%, the lowest in StatsCan data back to 1991 for year-over-year comparisons.

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Canadian mortgage lending growth slid to the slowest since 2001 in July, reflecting the central bank's tightening campaign to tackle stubborn inflation.

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MNI: Canadian Mortgage Growth Slows To Fresh 2001 Low