Canadian July inflation numbers from Statistics Canada
– Prior was +1.5%
– Core 2.1% y/y vs 2.1% exp
– Prior core +2.1% y/y
Month over month
– CPI -0.2% m/m vs 0.0% exp (non seasonally adjusted)
Canadian inflation data was a touch on the soft side but what’s underneath the hood of is an engine that runs on housing, just like the rest of the economy.
