# Canadian inflation eases in July, but central bank says it is still too high

> Canadian annual inflation eased in July, though the Bank of Canada says it remains too high. Gasoline price gains slowed from June, and the Canadian dollar traded 0.2% higher near 1.2873 per US dollar while the 10-year yield rose to 2.820%.

- Date: 2022-08-16 · published 2022-08-16T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/40284-canadian-inflation-eases-in-july-but-central-bank-says-it-is-still-too-high
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Persistent Canadian inflation keeps rate-hike expectations alive, supporting the currency and borrowing costs. The direct effect on feed grain prices is limited.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/americas/canadas-inflation-rate-eases-76-july-gasoline-2022-08-16/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.