‘The Door Is Now Firmly Slammed Shut on a July BoC Rate Cut’: Markets and Economists React to Inflation Data

Latest inflation numbers slam door 'shut' on Bank of Canada July rate cut, say economists

Here's where economists think inflation and the Bank of Canada are headed over the second half of the year. Find out more.

‘The door is now firmly slammed shut on a July BoC rate cut’: Markets and economists react to inflation data

Swaps markets now suggest only 6% odds of cut

USD/CAD records modest losses below 1,3750 amid scarce possibilities for trimming from Boc - World Stock Market

The USD/CAD weakens around 1,3720 in the first Asian session on Wednesday. The Canadian annual inflation rate increases to 1.9% in June, higher than expected. A softer US CPI report might seem to increase the probabilities of a Fed rate cut in September. The USD/CAD pair quotes with slight losses about 1,3720 during the first Asian session on Wednesday. The highest inflation data in Canada reduced the expectations of interest rate cuts of the Ba…

Inflation creeps higher in June, firming odds the BoC will hold on July 30 - Mortgage Rates & Mortgage Broker News in Canada

Canada’s inflation rate ticked up slightly in June, reinforcing expectations that the Bank of Canada will remain on pause at its upcoming July 30 rate decision.