Canadian CPI inflation for July (Actual: 3,3% y/y. Forecast: 3% y/y. Previously: 2.8% y/y).
-
Inflation m/m (Actual: 0,6% m/m. Forecast: 0.3% m/m. Previous: 0.1% m/m)
-
core inflation y/y (Current: 3.2% vs. expected 2.8% and earlier reading of 3.2% y/y)
core inflation m/m (Current: 0.5% vs. expected 0.4% and previous reading of -0.1% m/m
Start investing today or test a free demo
Open real account TRY DEMO Download mobile app Download mobile app
The Canadian dollar is gaining against the USD amid rising expectations of further interest rate hikes by the BoC.
Start investing today or test a free demo
Open real account TRY DEMO Download mobile app Download mobile app
The mortgage interest cost index (+30.6%) posted another record year-over-year gain and remained the largest contributor to headline inflation. The all-items excluding mortgage interest cost index rose 2.4% in July. Source: statcan
CANADIAN MONEY MARKETS SEE A 35% CHANCE OF BOC RATE HIKE IN SEPTEMBER, UP FROM 22% BEFORE THE INFLATION DATA.
