DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Canada July CPI Slows To 7.6%

(MNI) OTTAWA
OTTAWA (MNI)

Canada's inflation rate slowed to 7.6% in July from 8.1% in June as gasoline prices retreated sharply.

The consumer price index rose 0.1% on the month, the seventh straight gain, Statistics Canada said Tuesday. Gasoline prices rose 36% year over year in July compared with June's 55% jump and on a monthly basis they fell 9.2%, partly because of a tax cut in the province of Ontario.

Canada is more likely to face a recession than a wage-price spiral as the central bank tightens to pull the economy back into balance, a government labour adviser has told MNI. (MNI INTERVIEW: Canada Faces Recession, Not Wage Spiral-Adviser)

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
Bank of CanadaDataCentral Bank NewsPolicy NewsHomepageCanada Bank of Canada Market NewsData BriefData StoriesBriefStoryRegionNorth America
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
Bank of CanadaDataCentral Bank NewsPolicy NewsHomepageCanada Bank of Canada Market NewsData BriefData StoriesBriefStoryRegionNorth America

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.