Canada Inflation Decelerates to 2.7%, Core Measures Sticky
- Sixth straight month that headline CPI in BoC target range
- Traders boosted bets for a second rate cut next week to 90%
June’s inflation print is the last of two reports before the next rate decision on July 24.
Photographer: Isabella Falsetti/BloombergThis article is for subscribers only.
Inflation in Canada is decelerating again, giving the Bank of Canada leeway to cut interest rates next week.
The consumer price index rose 2.7% in June from a year ago, slowing from a 2.9% pace in May, Statistics Canada reported Tuesday in Ottawa. That matched the median estimate of a Bloomberg survey of economists.