- Canada’s annual inflation fell to 7.60 %YoY in July from the 39-year high of 8.1% in June, in line with market expectations.
- Prices decelerated sharply for gasoline (35.6% vs 54.6% in June), while inflation continued to pick up for groceries (9.9% vs 9.4%). Excluding gasoline, the CPI rose by 6.6% annually.
- On a monthly basis, consumer prices rose 0.1% higher, the slowest rise since December 2021.
- Core consumer prices in Canada decreased to 6.10% in July from a record 6.2% YoY in June.

USDCAD saw a relatively small reaction to today’s inflation data release. Currency pair continued to trade around 1.2900 level. Source: xStation5
BREAKING: USDIDX decline despite strong University of Michigan data
French luxury companies and banks gain as the inflation rises
UK GDP Contracted and the Pound is Up? 🇬🇧 💷
Macro Calendar: Wrapping up an intense week (12.06.2026)