CAD traders ICYMI - Bank of Canada Governor Macklem says inflation may have topped out

Bank of Canada Governor Macklem spoke on Tuesday (CAD time), Greg had the remarks here:

• BOCs Macklem: Inflation in Canada has come down a little, but it remains far too high

Prior to Macklem speaking were data on inflation from Canada, the latest results:

• Canada July CPI 7.6% y/y vs 7.6% expected

Check out Greg's Macklem post, while the gov. said inflation may have peaked he also said it remains way to high. This is a common theme across major DM central banks. Most target 2%, and the CPI is way above that.

CAD inflation: