Economists expect Tuesday's inflation data to support third Bank of Canada rate cut
With Tuesday’s Consumer Price Index (CPI) release likely to show that inflation slowed in July, economists say the data should be enough to support a third consecutive Bank of Canada rate cut in September. Economists anticipate that Canada’s annual inflation rate in July will likely ease to 2.5 per cent, according to consensus estimates. That would be down from June’s inflation rate of 2.7 per cent. BMO Capital Markets expects Canada’s annual...
With Tuesday’s Consumer Price Index (CPI) release likely to show that inflation slowed in July, economists say the data should be enough to support a third consecutive Bank of Canada rate cut in September. Economists anticipate that Canada’s annual inflation rate in July will likely ease to 2.5 per cent, according to consensus estimates. That would be down from June’s inflation rate of 2.7 per cent. BMO Capital Markets expects Canada’s annual...
