TD Securities Sees Canada July CPI at 2.9% as Core Inflation Holds Near 1.85%
Updated
Updated · tmgm.com · Aug 14
TD Securities Sees Canada July CPI at 2.9% as Core Inflation Holds Near 1.85%
3 articles · Updated · tmgm.com · Aug 14
Summary
Canada’s headline CPI likely rose to 2.9% in July from 2.8%, TD Securities said, with prices up 0.4% on the month.
Higher gasoline and food prices drove the pickup, while travel services partly offset it and ex-food-and-energy inflation was seen steady at 1.7%.
Core gauges CPI-trim and CPI-median are projected at 1.8% and 1.9%—about 1.85% overall—keeping underlying inflation pressures benign despite the headline rise.
Those core readings would sit below the Bank of Canada’s 2.0% Q3 projection even as headline CPI runs above its 2.5% forecast, supporting policymakers’ focus on core rather than oil-led moves.