Canada May CPI 2.9% versus 2.6% expected ...Middle East

Prior month 2.7%CPI m/m +0.6% vs +0.3% estimateCore measuresCPI Bank of Canada core y/y 1.8% vs 1.6% priorCPI Bank of Canada core m/m 0.6% versus 0.2% priorCore CPI m/m SA +0.3% vs 0.0% prior Trim 2.9% versus 2.8% prior Median 2.8% versus 2.6% prior Common 2.4% versus 2.6% priorBank of Canada July implied rate cut odds immediately fell to 52% from 71% on the CPI data. This article was written by Adam Button at www.forexlive.com.

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