BREAKING: CPI inflation in Canada above expectations!

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

  เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง

  เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือ

The Canadian dollar is gaining against the USD amid rising expectations of further interest rate hikes by the BoC.

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.