Canada: Inflation is easing, but BoC will likely rise one more time – CIBC – by MSalordFX Canada CPI Banks BOC
“The BoC's core measures CPI-median and CPI-trim also decelerated by one tick to 5.0% and 5.3% respectively, after being revised up in the prior month. While core inflation remains too high, when excluding the increase in mortgage interest costs, which reflect the rapidly rising interest rates, things look better with a monthly gain of about 0.2%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD sees consolidation around 1.3400 ahead of Canada Inflation, oil surpasses $80.00USD/CAD has rebounded to near the round-level resistance of 1.3400 in the early Asian session. The Loonie asset is likely to remain sideways as invest
Read more »
USD/CAD shifts auction profile above 1.3400 ahead of Canada InflationThe USD/CAD pair has shifted its auction profile above the round-level resistance of 1.3400 in the early Tokyo session. The Loonie asset has picked st
Read more »
Forex Today: Chinese GDP Growth SlowsChinese GDP at 2.9%; Japanese Bond Yields Breach Ceiling; Gold, Canada Inflation Data Due Today.
Read more »
GBP/USD sees an upside above 1.2250 ahead of UK Inflation dataThe GBP/USD pair is struggling to extend gains above the immediate resistance of 1.2250 in the early Asian session. The Cable has sensed selling press
Read more »
PolitiFact - Biden’s claim that take-home pay is going up ignores inflation’s earlier impactJoe Biden claimed take-home pay for workers is going up. Although wage increases have outpaced inflation over the past two quarters, wages significantly trailed inflation earlier in his tenure.
Read more »