Canada, inflation data for May:
- CPI core: currently: 3.7% YoY. Expected 3.9% YoY, previously 4.1% YoY
- CPI: currently: 3.4% YoY. Expected 3.4% YoY, previously 4.4% YoY
The BoC recently decided to raise interest rates, which was related to a rebound in inflation figures for April. However, we are now seeing a drop to a very low level.
Economic calendar: Smaller US labour market reports set to fight for attention amid geopolitics (02.04.2026)
Daily Summary - Markets Await Trump's Address
BREAKING: ISM shows that expansion continues but inflationary pressures surge
BREAKING: U.S. retail sales above expectations! EUR/USD is gaining!