Inflation Slows In June As The Bank Of Canada Prepares For Rate Decision

Jul. 17, 2024 1:40 PM ET, , ,
TD Wealth
4.93K Followers
(5min)

Summary

  • After June inflation data, is another BoC rate cut all but certain?
  • Canadian inflation still falling, but a mixed bag.
  • How many rate cuts can Canadians expect this year?

Pile of Canadian bills with one hundred dollars on top

joshlaverty

The Canadian Consumer Price Index for June decelerated to 2.7%. Robert Both, Senior Macro Strategist with TD Securities, says Tuesday’s reading increases the odds of back-to-back rate cuts by the Bank of Canada and discusses what it means for monetary policy

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