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Line chart comparing Canada's headline and ex-gasoline CPI year-over-year from January through July 2026.

Canada's headline CPI rose 3.0% in July, edging above forecasts, almost entirely on a jump in gasoline prices tied to Middle East supply concerns. Ex-gasoline inflation has held near 2.2% for three straight months, a reading close enough to target that it points toward a Bank of Canada hold on September 2. That signal could be overridden by bond markets, however, after the 30-year US Treasury yield climbed to its highest level since 2007 this week.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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Charts and data on this site are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Each chart reflects the source and period indicated on it and may not represent current market conditions.

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