Canadian inflation: What one expert is expecting from Tuesday's data
BNN Bloomberg
Ahead of the release of Canadian inflation data, one strategist said disinflation in goods will contribute to cooling inflation figures.
On Tuesday, Statistics Canada is set to release its Consumer Price Index for the month of June. In an interview with BNN Bloomberg Monday, Dominique Lapointe, a global macro strategist at Manulife Investment Management, said he expects that inflation eased in June.
He said lower inflation expectations are due mostly to “goods disinflation,” where lower costs for things like energy, used cars and appliances have “pushed down total inflation rates pretty quickly.”
“Even if we do get a low number tomorrow, the question is will economic activity slowdown in the coming months so that the Bank of Canada is comfortable that in the second half of this year, we're not going to get a rebound in these categories,” Lapointe said.
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