Canadian CPI Median YoY (Jun) Y/Y 1.9% vs. Exp. 2.1% (Prev. 2.1%)
The Canadian CPI print coming in at 1.9% YoY, below the expected 2.1%, suggests easing inflationary pressures that could influence Bank of Canada policy moving forward.
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.
UK PM Burnham "is expected" to begin appointing his Cabinet from 2pm, Politics UK reports
Canadian CPI Median YoY (Jun) Y/Y 1.9% vs. Exp. 2.1% (Prev. 2.1%)
Netflix (NFLX) files to sell 10-year notes; USD denominated
[MARKET UPDATE] Dollar gains and gold falls after Houthis announce a ban on maritime navigation for Saudi-linked vessels
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This miss relative to expectations may support a more dovish outlook, particularly if the trend continues, which would likely impact CAD and interest rate expectations across the board.
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