Canadian CPI Average of Common, Median and Trimmed (June, Y/Y): 2.1% (prev. 2.27%)
The Canadian CPI averages suggest a slight decrease in inflationary pressures, with the common, median, and trimmed measures falling to 2.1% from 2.27%.
Yemen Houthi Spokesperson says if the Saudi siege on Yemen is not lifted, the country's armed forces will move towards a full-scale war.
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Canadian CPI Average of Common, Median and Trimmed (June, Y/Y): 2.1% (prev. 2.27%)
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[MARKET UPDATE] Dollar gains and gold falls after Houthis announce a ban on maritime navigation for Saudi-linked vessels
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This drop might imply easing inflationary concerns, potentially influencing Bank of Canada policy, particularly around interest rates. Traders should watch for implications on CAD and broader market sentiment as these figures could signal a shift in growth-inflation dynamics.
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