Canada’s June Inflation Rate at 1%

According to Statistics Canada, Canada’s national inflation rate was 1.0 per cent in June. All provinces recorded positive growth, but in several cases, the rate of growth declined from the previous month, reinforcing Bank of Canada Governor Mark Carney’s statements earlier in the week where he predicted Canada’s rate of growth would slow in the second half of the year.

Source: The Canadian Press

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.