Canada’s turn for an upside inflation surprise

Wednesday 26th June 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABCanada’s inflation came in hotter than expected in May and that’s pushed up Canadian bond yields overnight, but there’s been limited reaction to that – or anything really – on currency markets. NAB’s Taylor Nugent says the print has pushed back expectations for the Bank of Canada to cut again in July. What happens next depends on the data. We get more Australian data today, with the CPI print for May and a speech by the RBA’s Chrisopher Kent.  Hosted on Acast. See acast.com/privacy for more information.