CPI and CPI core data in Canada for June:
- Inflation CPI in Canada for June: 2.8% year-on-year (expected: 3.0% year-on-year; previously: 3.4% year-on-year)
- Monthly inflation: 0.1% month-on-month (expected: 0.3% month-on-month; previously: 0.4% month-on-month)
- Core inflation: 3.2% year-on-year (previously: 3.7% year-on-year)
- Core monthly inflation: -0.1% month-on-month (previously: 0.4% month-on-month)
In June, the Consumer Price Index (CPI) in Canada increased by 2.8% compared to the previous year, showing a slight slowdown from the 3.4% increase in May. The deceleration was primarily driven by lower gasoline prices, although excluding gasoline, the CPI would have risen by 4.0% in June. Grocery prices and mortgage interest costs remained elevated, contributing significantly to the overall CPI increase. On a monthly basis, the CPI edged up by 0.1% in June, with travel tours putting downward pressure on the index. The transportation component experienced a decline, largely influenced by lower gasoline prices and a slower increase in passenger vehicle prices. Additionally, prices for travel tours and telecommunications services decreased, while grocery prices continued to rise. The inflation rate varied across provinces, with Prince Edward Island experiencing the lowest consumer inflation due to a significant decline in energy prices.
USDCAD Inflation significantly lower than expected, which may indicate that the Bank of Canada (BoC) will no longer be inclined to raise interest rates. The USDCAD pair is showing a clearer return above 1.3200, H1 interval, source xStation 5
Daily Summary: Semiconductors Rise in the Shadow of Geopolitical Turmoil
Healy makes first move as Chancellor, but bond market not impressed
Economic calendar: Strong reading from the UK labour market, German ZEW in focus
Morning wrap: Indices Look for a Rebound Amid the U.S.-Iran Conflict (21.07.2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
