
Canada's annual CPI inflation eased to 1.7% in July from 1.9% in June, below the 1.8% Reuters poll forecast, as gasoline prices fell 16.1% year-on-year. Core measures stayed sticky, and food prices rose 3.3%.
Softer Canadian inflation raises expectations of Bank of Canada easing, which can weaken the loonie and support Canadian export competitiveness. Rising food prices point to firmer domestic food input costs.
Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.