Canada's inflation slows slightly more than expected in June, raising odds of BoC rate cut next week
Canada's annual inflation rate cooled more than expected in June to 2.7 per cent, Statistics Canada data showed on Tuesday, increasing the likelihood of another Bank of Canada (BoC) interest rate cut on July 24. Financial experts largely say the latest consumer price index (CPI) data solidifies the case for a rate cut next week, while money markets raised the odds of a cut to almost 93 per cent from 82 per cent before the data was released,...
Canada's annual inflation rate cooled more than expected in June to 2.7 per cent, Statistics Canada data showed on Tuesday, increasing the likelihood of another Bank of Canada (BoC) interest rate cut on July 24. Financial experts largely say the latest consumer price index (CPI) data solidifies the case for a rate cut next week, while money markets raised the odds of a cut to almost 93 per cent from 82 per cent before the data was released,...
