- Canadian Dollar is broadly higher on Monday, but gains remain thin. The CAD is up a third of a percent against the US Dollar, while shedding one-tenth of one percent against the Euro.
- Canada’s Tuesday CPI print will be the key release for CAD traders this week, with Canadian GDP far off in the distance.
- Canada’s CPI inflation is expected to tick lower to 2.6% from 2.7% for the year ended in May.
- BoC’s own CPI core inflation metric is forecast to hold flat at 0.2% MoM.
- Broad-market focus will be looking ahead to Friday’s US PCE Price Index inflation print as investors continue to cling to hopes for a September rate cut from the Federal Reserve (Fed)
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