Canada is set to release its Consumer Price Index (CPI) update for July on Tuesday:Due at 0830 Eastern time The m/m expected is higher while the y/y is a touch lower. There will be focus on 'core' rates, that have accelerated in the past two months. What does it mean for the Bank of Canada meetings ahead? Not much, say analysts at Scotia:this reading is likely to have little impact on the Bank of Canada's plans, as they seem determined to implement significant easing before possibly reassessing their approach This article was written by Eamonn Sheridan at www.forexlive.com.
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