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Markets Looking Forward To Rising Canadian And U.K. Interest Rates

Markets Looking Forward To Rising Canadian And U.K. Interest Rates

4 Months ago | August 26, 2018 00:00:00


Latest Canadian Consumer Prices Running Hot Key data this week were July Canadian Consumer prices which increased 3.0% year-on-year. This was unexpected and up significantly from 2.5% in June. The markets had been expecting an unchanged print. On a mo/mo basis, prices rose 0.5%. Core inflation was broadly unchanged. For instance, the Bank of Canada CPI-median measure was up only 2.0% yr/yr.. Many analysts felt that headline inflation might have been a one-off increase, reflecting fuel increases and higher labor costs in the airline industry. However, the economy has been beating expectations and excess capacity in the economy appears to be limited. Fu

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