Trial now
ARGENTINA

VP Kirchner Highlights Fiscal Failures

COLOMBIA

July Trade Balance Data Due

CHILE

Chilean Markets Closed For National Holiday

BUNDS

Bear steepening

Sign up now for free access to this content.

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

Canada's inflation rate probably slowed to 3.2% in June from 3.6% in May as last year's base effect waned, in the first report incorporating new weights that reflect pandemic spending trends. The CPI probably climbed 0.5% on a monthly basis in June to match May's pace, economists predict Statistics Canada will report Wednesday at 830am EST.

Headline year-over-year inflation was the fastest in a decade in May and the June result would be the third month in a row where prices ran faster than the top of the central bank's 1%-3% target band. The Bank of Canada expects CPI to average 3.4% in Q2, 3.9% in Q3 and 3.5% in Q4.

The BOC earlier in July tapered its bond buying program for a third time to just CAD2 billion a month and said inflation will slow to around 2% for a time next year on slack in the economy and the passing of transitory pressures, adding that conditions to raise interest rates should be in place in H2 2022.