Inflation data due from Canada on Tuesday – preview

Canada is set to release its Consumer Price Index (CPI) update for July on Tuesday:

• Due at 0830 Eastern time

The m/m expected is higher while the y/y is a touch lower. There will be focus on ‘core’ rates, that have accelerated in the past two months. What does it mean for the Bank of Canada meetings ahead? Not much, say analysts at Scotia:

• The reading probably matters little to the BoC that appears intent on delivering meaningful easing before potentially reassessing.

This article was written by Eamonn Sheridan at www.forexlive.com.