U.S. inflation accelerated in June as Trump’s tariffs start to bite
Core inflation rose 2.9% in June from a year earlier
- By: Christopher Rugaber, The Associated Press
- July 15, 2025 July 15, 2025
- 09:29
Core inflation rose 2.9% in June from a year earlier
Stubbornly high figure likely cements calls for Bank of Canada rate hold
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Personal and household goods drive modest growth as machinery sales slump: Statistics Canada
Statistics Canada reports June consumer price index data on Tuesday
Exports to the U.S. slid 16%, following a 34.5% drop in May
Plus, CIBC introduces education portfolios; Harvest terminates mutual funds
Rate cuts still likely, but delayed, as trade picture remains highly uncertain
Meanwhile, the U.S. stock market held relatively steady near its records
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Asset performance to weaken as growth slows and inflation, rates face pressure
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The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
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Plus, a new gold bullion mutual fund and a slew of product lineup changes
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At the same time, both fund types recorded positive net sales