Canada’s headline CPI eased to 1.7% yoy in July, down from 1.9% yoy and below expectations for no change. The decline was driven by a sharp -16.1% yoy drop in gasoline prices, deepening from June’s -13.4% yoy. Excluding gasoline, CPI held steady at 2.5% yoy, in line with the prior two months. On a monthly […]
The post Canada CPI slows to 1.7% on gasoline drop, core still elevated appeared first on Action Forex.
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.35 per cent. Inflation picked up materially in the second half of 2025, and information since the Read more…
Key takeaways Macro risks and policy divergence in focus: Markets are bracing for the Reserve Bank of Australia rate decision, while strong US data reinforces a “higher-for-longer” Fed stance. Meanwhile, escalating US–Iran tensions have pushed Read more…
Key Highlights Gold started a fresh decline below the $4,650 support. A connecting bearish trend line is forming with resistance at $4,610 on the 4-hour chart. WTI Crude Oil regained traction and climbed above $105. Read more…