We’re set to see if inflation cooled even more in July after falling within the Bank of Canada’s control range in June for the first time since March 2021. The consumer price index is forecast to tick higher. Retail giants Home Depot, Target and Walmart will report Q2 earnings. Globe Advisor assistant editor Rajeshni Naidu-Ghelani outlines what to watch out for in investing and financial news in Advisor Lookahead.
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Inflation likely rose again in July, signalling new phase in Bank of Canada's fightEconomists expect the consumer price index to show inflation rose in July, signalling a reversal in progress after steady declines. Read on.
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ANALYSIS | Conflicting economic signals as Canada awaits inflation and home sales data | CBC NewsNew inflation and house price data out this week could be a crucial sign of whether the Bank of Canada will give borrowers a break from constantly rising interest rates. But they could also signal troubling economic weakness as the world puts on the brakes.
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Inflation likely rose again in July, signalling new phase in Bank of Canada's fightEconomists expect the consumer price index to show inflation rose in July, signalling a reversal in progress after steady declines. Read on.
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Canada inflation: Food, energy likely pushed up prices in July, say economistsAccording to Statistics Canada, CPI rose 2.8% year-over-year in June, following a 3.4% increase in May.
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