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Upcoming CPIs: Canada & the UK
Tomorrow is a pretty busy day on the economic calendar! Key data is coming out both in Europe and the Americas. Here we’ll be focusing on inflation data from the UK and Canada. As most central banks around the world are heading towards an easing bias, if not outright rate cuts, these two countries have managed to buck the trend. Inflation in the UK and Canada remains well within policy targets. And their economies seem to be performing better than their peers. Canada is especially in a better position given the news over the weekend of the attack on a Saudi refinery that cut 5% of the world’s oil production. ... (full story)