China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
Evening Update: Canada’s inflation rate ticks up to 3.3 per cent in July, raising odds of rate hike
Aggregated Source: ChinaTechNews.com

Good evening, let’s start with today’s top stories:

The annual inflation rate ticked up to 3.3 per cent, moving back above the Bank of Canada’s target in July, raising the odds of another interest rate hike from the central bank.

Several measures of core inflation eased in July, but CPI-trim and CPI-median, the central bank’s two preferred measures, were still running at an average annual rate of 3.65 per cent, well above the 2-per-cent target.

Evening Update: Canada’s inflation rate ticks up to 3.3 per cent in July, raising odds of rate hike comes via ChinaTechNews.com.

Original URL: Click here to visit original article
Copyright ChinaTechNews.com