On Tuesday, August 16, 2022, Canada reported its Consumer Price Index for year-over-year for July, with a 7.6% CPI, down from 8.1% for the year ending in June. That was the good news, but it was mostly because gasoline and groceries went down, while core CPI has stayed the same. Bank of Canada said there’s more work to be done, indicating more interest raises. The Bond Markets are pricing in a high likelihood of a 0.75% rate hike in September.
August Canadian CPI reading
Canadian Money Talk 