Canadian Inflation Rate YoY (Jun) Y/Y 2.8% vs. Exp. 2.9% (Prev. 3.2%)
The Canadian inflation rate of 2.8% in June slightly misses expectations of 2.9% but shows a notable decline from the previous 3.2%.
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 Inflation Rate YoY (Jun) Y/Y 2.8% vs. Exp. 2.9% (Prev. 3.2%)
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 moderation may suggest easing inflation pressures, potentially influencing Bank of Canada policy on rates. It could also affect the CAD in the context of cross-border trade and investor expectations for monetary policy shifts.
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