Canada CPI Report Expected to Show Steady Inflation

Canada's August Consumer Price Index (CPI) figures are set to be released on Monday, providing markets with an update on price pressures following the Bank of Canada's (BoC) September 2 meeting.

Economists expect the headline CPI to remain unchanged at 3% YoY and rise by 0.3% on a monthly basis, below the 0.5% in July.

The BoC's core measure is forecast to rise by 0.1%, while its preferred gauges of underlying inflation picked up pace in July to 2.7%, 1.9%, and 2.0%, respectively.