Canada June CPI Seen Slowing to 2.9%, BoC Pause Likely Extended
Brown Brothers Harriman forecasts Canada's June headline CPI will slow to 2.9% YoY, with core measures also easing. This supports an extended pause by the Bank of Canada.
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According to Brown Brothers Harriman (BBH) analyst Elias Haddad, Canada's June headline Consumer Price Index is expected to slow to 2.9% year-on-year, down from previous readings. Core inflation measures are also anticipated to ease, reinforcing the case for the Bank of Canada to maintain a pause in its rate hiking cycle. The softer inflation data could keep the Canadian dollar under pressure as markets price in a prolonged hold by the BoC.
Source: FXStreet Forex News