Canada took over the inflation marathon from the UK. The rate of consumer price growth accelerated from 7.7% to 8.1% y/y in June there, although it was lower than 8.4% as expected. However, an even more critical signal came from producer prices, which fell by 1.1% in June. The annual growth rate has fallen for […]
The post Canada’s Success in Chasing Inflation is Upbeat News for the CAD appeared first on Action Forex.
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