# Canada’s inflation still well above target, boosting bets on rate hike next month - Financial Post

> Canada's annual inflation eased to 2.8% in August from 3.0% in July, but remained above the Bank of Canada's 2% target for a seventh straight month. Market odds of an October rate hike rose to about 89% after the release.

- Date: 2018-09-21 · published 2018-09-21T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/63278-canada-s-inflation-still-well-above-target-boosting-bets-on-rate-hike-next
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Persistent Canadian inflation and likely BoC tightening support the loonie and raise borrowing costs, with limited direct effect on feed commodity prices.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/economy/wrapup-1-canada-inflation-still-well-above-target-rate-hike-seen-likely/

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