Canadian CPI inflation slows, markets pricing in BoE rate cut next week
According to Statistics Canada today, headline year-on-year inflation for June rose +2.7%, easing from +2.9% in May and was marginally south of economists’ expectations of +2.8%, The report was also softer than the Bank of Canada’s (BoC) inflation forecast for the first half of this year.
According to Statistics Canada today, headline year-on-year inflation for June rose +2.7%, easing from +2.9% in May and was marginally south of economists’ expectations of +2.8%, The report was also softer than the Bank of Canada’s (BoC) inflation forecast for the first half of this year.
