The rise in headline inflation to a six-year high of 2.5% in June, from 2.2%, left it above the Bank of Canada’s forecast, while two of the Bank’s three measures of core inflation are now in line with the 2% target mid-point. As the Bank has only just raised interest rates and pledged to take “a gradual approach”, however, we doubt that it will be considering another rate rise at its next meeting in September.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services