Canadian Inflation Rate MoM (Jun) M/M -0.4% vs. Exp. -0.2% (Prev. 1%)
The Canadian inflation rate for June printed at -0.4%, which is a notable miss against expectations of -0.2% and significantly lower than the previous month's 1%.
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 Inflation Rate MoM (Jun) M/M -0.4% vs. Exp. -0.2% (Prev. 1%)
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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 sharp decline may indicate easing inflationary pressures, potentially influencing the Bank of Canada's policy outlook and the CAD's valuation in FX markets, as traders reassess future rate expectations and growth dynamics.
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