Trial now

Larger FX Option Pipeline


More Outright Bund Call Buying


BRL Remains Anchored by Expected BCB Hawkishness

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Canada's inflation rate was likely the fastest since 2003 in August on gasoline and housing according to an MNI economist consensus, quickening to 3.9% from July's 3.7% in a report due Wednesday at 830EST.

The result would be a fourth straight month of CPI gains above the Bank of Canada's 1%-3% target range, and raise questions about Governor Tiff Macklem's view it's mostly a temporary spike compared with weakness following last year's Covid downturn. "Inflation is a key reason to expect the BoC to press ahead with another tapering move in October," Jimmy Jean of Desjardins wrote in a research note. The gains go beyond a narrow range of items-- in July the average of the BOC's three core measures was the fastest since 2009 at 2.5%, Statistics Canada reported.