Canadian CPI Trimmed-Mean YoY (Jun) Y/Y 1.8% vs. Exp. 2% (Prev. 2%)
The Canadian CPI trimmed-mean came in at 1.8%, missing the expected 2% and down from the previous 2%.
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 Trimmed-Mean YoY (Jun) Y/Y 1.8% vs. Exp. 2% (Prev. 2%)
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 softer print may indicate easing inflationary pressures, which could influence the Bank of Canada's policy stance going forward, potentially reducing rate hike expectations. Traders should monitor how this data impacts CAD dynamics and broader market sentiment around the BoC's future moves.
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