Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Canada's annual inflation rate dips to 3.1% in June

07/28/2021 | 08:46am EDT
FILE PHOTO: A Canadian dollar coin, commonly known as the

TORONTO (Reuters) - Canada's annual inflation rate in June dipped to 3.1% from a year-over-year increase of 3.6% in May, Statistics Canada said on Wednesday.

STORIES:

Market reaction: CAD/

Link: https://www150.statcan.gc.ca/n1/daily-quotidien/210728/dq210728a-eng.htm

COMMENTARY

DEREK HOLT, VICE PRESIDENT OF CAPITAL MARKETS ECONOMICS, SCOTIABANK

"A little bit softer than expected. All the measures are still tracking above the Bank of Canada's 2% target and the upper half of the range ... but the incremental pressures seem to have eased. I don't have a great explanation for that, for why the U.S. showed a more powerful supply chain reopening effects than Canada but it could be that Canada is lagging a bit and we will see a little bit more pressure in the July reading."

(Reporting by Fergal Smith; Editing by Denny Thomas)


© Reuters 2021
Latest news "Economy & Forex"
05:20pU.S. TREASURY'S YELLEN : Debt default would 'permanently' weaken America
RE
02:10pU.s. cdc says 181,382,976 individuals have been fully vaccinated against covid-19 as of sept 19 versus 181,035,022 individuals as of sept 18
RE
02:10pU.s. cdc says 2.16 mln people received an additional covid-19 vaccine dose since august 13, 2021
RE
02:09pU.s. cdc says administered 385,586,012 doses of covid-19 vaccine as of sept 19 vs 384,911,290 doses administered as of sept 18
RE
02:09pU.s. cdc says 211,776,515 individuals have received at least one dose of covid-19 vaccine as of sept 19 versus 211,489,242 individuals as of sept 18
RE
02:08pU.s. cdc says delivered 466,561,785 doses of covid-19 vaccine as of sept 19 versus 466,569,635 doses delivered as of sept 18
RE
01:59pDEUTSCHE LUFTHANSA : Lufthansa launches $2.5 billion capital increase to repay state bailout
RE
01:42pWorld leaders return to U.N. with focus on pandemic, climate
RE
01:32pNigeria brings in custody rules to guard $9.7 billion funds industry
RE
01:32pARGUS MEDIA : Baker Hughes agrees new Iraq gas capture project
PU
Latest news "Economy & Forex"