Canadian CPI Lower than Expected. Are the BOC Rate Hikes Working?

Canada’s August CPI released earlier today was 7% YoY vs an estimate of 7.3% YoY and a July reading of 7.6% YoY.  This was the lowest reading since April after CPI peaked in June at 8.1%.  The core CPI print was 5.8% YoY vs an expectation of 6.2% YoY and a prior reading of 6.1% […]

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