Inflation Cools

Consumer price index stole the spotlight for this week?s calendar, printing lower than expected. With June inflation falling 0.2 percent, aggressive policy was drained from Bank of Canada?s hawkish position. Tomorrow, wholesale sales and international securities transactions will wrap up this week?s docket, both forecasted to show strong reads.

[B]Previous 24 hours:
CPI[/B] (MoM) (JUN)
Actual: -0.2%
Previous: 0.4%
[B]CPI[/B] (YoY) (JUN)
Actual: 2.2%
Previous: 2.2%
[B]Bank of Canada CPI Core[/B] (MoM) (JUN)
Actual: 0.0%
Previous: 0.3%
[B]Bank of Canada CPI Core /B (JUN)
Actual: 2.5%
Previous: 2.2%
[B]Leading Indicators[/B] (MoM) (JUN)
Actual: 0.2%
Previous: 0.5%
[B]Next 24 hours:
Wholesale Sales[/B] (MoM) (MAY)
Expected: 0.5%
Actual: -3.1%
[B]International Securities Transactions[/B] (MAY) (Canadian dollars)
Expected: 2.00
Actual: 1.543
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