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June Canadian CPI likely to fall below 3%

May Canadian inflation fell to 3.4% y/y from 4.4% in a sharp drop that will extend into June. That will give the Bank of Canada some leeway to wait longer before hiking rates again, according to economists at CIBC. "While food price increases remained strong, tamer core readings of inflation point to some light relief for Canadian consumers," they write. "Overall, today's data don't change the fact that inflation is running hotter than the Bank's prior April MPR forecasts. However, the tamer cor... Read More

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June

Canadian

Likely

Fall

Below

Forex

Posted: Jun 27 2023, 19:28

Author Name: forexlive

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