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Statistics Canada set to report June inflation figures
Statistics Canada is set to publish new inflation data for June this morning. A Reuters poll of economists expects inflation fell to 2.9 per cent last month from a recent high of 3.2 per cent in May. Motorists were paying less for gasoline last month amid prospects of peace between the United States and Iran. Those costs have jumped up again in recent weeks but economists say June’s temporary relief should be enough to drag inflation lower. The Bank of Canada warned last week that the outlook for inflation is still cloudy thanks in large part to uncertainty over the Middle East conflict. The central bank held its ... (full story)
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Senior Iranian Source: Mediators Have Proposed A 10-day Cessation Of Strikes To Find Ways To Revive The Iran-us Interim Deal
Iran confirms received proposals from mediators, says diplomatic channel still active Iran has received proposals from mediators, Foreign Ministry spokesman Esmaeil Baghaei said on Monday, amid continued tit-for-tat strikes between Iran and the United States. Baghaei made the remarks at a weekly press conference in Tehran without giving details, when asked whether he could confirm reports about new proposals by Qatar for the revival of U.S.-Iran negotiations and a 10-day ceasefire. Baghaei stressed that Iran's diplomatic apparatus remains active alongside its military responses to U.S. attacks, while condemning recent U.S. strikes against civilian infrastructure, including bridges and medical centers, as violating "people's rights to life, security and human dignity."
The Consumer Price Index (CPI) increased 2.8% year over year in June, following a 3.2% gain in May. Prices for gasoline increased at a slower rate on a year-over-year basis in June compared with May, driving the deceleration in the headline CPI. Excluding gasoline, the CPI was unchanged in June compared with May, at 2.2%. The CPI fell 0.4% month over month ...