The CPI, which measures inflation in Canada, rose by 0.3% in June, on a monthly basis, compared to 0.5% in May, according to the report issued by Statistics Canada, and less than expectations that it would rise by 0.4%. On the other hand, the index rose on an annual basis.

In June, by 3.1%, compared to 3.6% in May, excluding gasoline, the index recorded a growth of about 2.2% on an annual basis. On an annual basis, gasoline prices rose by 32% in June, compared to 43.4% in May, while the Shelter Index increased by 4.4%, and the Transport Index increased by

5.6%. In contrast, vegetable prices recorded the largest decline since March 2017 by 7.5% on an annual basis. . The Canadian dollar fell by about 25 pips against the US dollar after the data was announced, and it is now trading at 1.2579 levels.