{"id":858939,"date":"2026-08-17T22:40:16","date_gmt":"2026-08-17T22:40:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/858939\/"},"modified":"2026-08-17T22:40:16","modified_gmt":"2026-08-17T22:40:16","slug":"canadian-dollar-inflation-steady-near-target-rbc","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/858939\/","title":{"rendered":"Canadian Dollar: Inflation steady near target \u2013 RBC"},"content":{"rendered":"<p>Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canadian inflation rose to 3% year-over-year in July, mainly on higher energy costs, while underlying measures like CPI-trim and CPI-median stayed near the 2% target. They see limited pass-through from energy to broader prices and expect the Bank of Canada (BoC) to hold <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">rates<\/a> unchanged through 2026.<\/p>\n<p>Inflation uptick with stable core gauges<\/p>\n<p>&#8220;Canadian inflation edged up to 3% year-over-year in July from 2.8% in June, driven primarily by a renewed increase in energy prices.&#8221;<\/p>\n<p>&#8220;Underlying inflation pressures remained comparatively contained.&#8221;<\/p>\n<p>&#8220;There was still limited evidence that higher energy costs had spread significantly across the broader CPI basket.&#8221;<\/p>\n<p>&#8220;Overall, the July report remains consistent with a relatively favourable combination of firming economic growth and underlying inflation close to target.&#8221;<\/p>\n<p>&#8220;Against that backdrop, we continue to expect the Bank of Canada to keep the overnight rate unchanged through the remainder of 2026.&#8221;<\/p>\n<p>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. <a href=\"https:\/\/www.fxstreet.com\/info\/how-fxstreet-uses-ai?utm_medium=internal&amp;utm_source=ai-disclaimer\" rel=\"nofollow noopener\" target=\"_blank\">Know more.<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canadian inflation rose to 3%&hellip;\n","protected":false},"author":2,"featured_media":357760,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-858939","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/858939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=858939"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/858939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/357760"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=858939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=858939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=858939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}