"Core inflation, as measured by the average of the Bank of Canada's three key measures, is the highest it's been since 2012," note ING analysts assessing the latest inflation figures from Canada. "Combined with better domestic growth prospects for later in the year, this suggests the central bank is unlikely to head for policy easing for now, although a lot depends on how trade tensions evolve over coming months."
"Policymakers signalled they have growing confidence that the recent economic weakness is merely a 'soft-patch'. This latest inflation data reinforces our view that the BoC is likely to keep rates on hold for the rest of 2019, although a lot will depend on how the external environment evolves."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.