What to expect from Canadian inflation data and consumer sentiment in the US?

18 Aug 2017 11:32 AM

Today's Canadian CPI data is released, as the markets priced raising interest rates again from the Bank of Canada by about 80% in the fourth quarter of this year. Markets are also waiting for the University of Michigan's consumer sentiment reading for August.
Canada's consumer price index is expected to rise by 1.2% in July close to the midpoint of the Bank of Canada range. US consumer sentiment in August is expected to rise from 93.4 points to 94 points, following a July reading that showed a marked decline.

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