5min chapter

The Loonie Hour cover image

The Hits Keep Coming, Bank of Canada Delivers Another Rate Hike

The Loonie Hour

CHAPTER

The US Dollar Traded Off Aggressively Yesterday

US CPI and PPI producer price index both fell below expectations in June. The market took this as a hey, risk on let's go that the Federal Reserve is now finally going to cut rates. China's property sales were down 32% year over year; after merely four months of positive growth, they are now outright deflation.

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