The Open Bell — Ep. 037 — 12 Aug 2026

Today on The Open Bell: The July inflation number just came in hotter than expected, and the reason is pretty direct: the collapse of US-Iran peace talks sent oil prices climbing, and that cost has now worked its way into your grocery receipt and your petrol bill in one clean, ugly line. The 50% tariff on Canadian imports takes effect in seven days, and the uncomfortable part isn't just the price of cheese and butter going up before Labour Day, it's that the Fed has to sit on its hands and watch inflation climb from two directions at once while deciding whether to raise interest rates. If today's episode helped you make sense of what's actually going on with prices right now, a five-star rating takes about ten seconds and helps the next person find the show. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:15 US July CPI Surges Back as Oil Pass-Through Hits Consumers 03:06 US Canada Tariff Clock Ticks: 50% Levy Takes Effect August 1 05:32 Closing thoughtsSupport the show