![]() ![]() In the US, inflation slid to a more than two-year low in June, but the comparison with a year ago - when the war in Ukraine drove up energy prices - made the slowdown look particularly dramatic. In the euro area, the headline rate slowed to the lowest level since before Russia’s invasion of Ukraine, but core inflation reaccelerated in June as the cost of services picked up. The numbers highlight the next challenge in the global inflation fight as headline figures moderate, partly due to base effects, but core inflation remains stubbornly high. ![]() ![]() The loonie was also trading lower, at 1.3225 per US dollar. Yields on benchmark two-year bonds were down slightly from before the release at 4.625% at 8:58 a.m. “It was the stickiness of core inflation measures which was a concern for the Bank of Canada, and with CPI-trim and median showing little further progress towards the target band there remains a very real risk that interest rates could be raised again after the summer,” Andrew Grantham, an economist at Canadian Imperial Bank of Commerce, said in a report to investors. While those figures showed deceleration, a three-month moving average of the core measures - which Governor Tiff Macklem has flagged as key to his team’s thinking - rose to an annualized pace of 3.81%, from 3.71% previously, according to Bloomberg calculations. That’s down from an upwardly revised 3.9% a month earlier but faster than 3.65% expected by economists. Two key yearly inflation measures tracked closely by the Bank of Canada - the so-called trim and median core rates - also dropped, averaging 3.8%. On a monthly basis, the index rose 0.1%, also weaker than expectations of 0.3%. That’s slower than the median estimate of 3% in a Bloomberg survey of economists. The consumer price index rose 2.8% in June from a year ago, Statistics Canada reported Tuesday in Ottawa. In Manchester United Bidding War, Ratcliffe’s $16 Billion Fortune Might Not Be Enough Trump Gets Letter Saying He Is a Target of DOJ Jan. Massive US Oil Caverns Sit Empty and Will Take Years to Refill Singapore Passport Is World’s Most Powerful, Replacing Japan Tesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old Analyst ![]() The lead stretched to three when Alba Redondo scored the first of her two goals in the 69th minute and Hermoso added her second a minute later.(Bloomberg) - Inflation in Canada slowed to within the central bank’s control range for the first time since March 2021, but progress in cooling underlying pressures has essentially stalled. Teresa Abelleira opened the scoring in the ninth minute and her goal was followed by Jennifer Hermoso’s first goal in the 13th minute to give Spain a quick 2-0 lead. The loss is Zambia’s second 5-0 defeat of the tournament. Spain blew out Zambia, 5-0, immediately after Japan’s win to set up a winner-take-all game between the two teams on Monday. Spain beat Costa Rica to start the tournament, and Costa Rica needed a result that it ultimately didn’t get. Costa Rica keeper Daniela Solera made 10 saves.Ĭosta Rica never really had a chance to get back into the game knowing that it needed a win to keep its advancement hopes alive. Japan peppered the Costa Rica goal with 24 total shots and 12 on target. No matter what happens against Australia, Nigeria will have at least a slim chance of advancing to the knockout rounds with a win over Ireland.ġ9-year-old Aoba Fujino finishes at the near post and scores her first FIFA Women's World Cup goal ⚽️ /SUl5izFtpb Ireland, meanwhile, is relegated to the position of spoiler for its game against Nigeria. Australia plays Nigeria early Thursday morning in the United States. The win gives Canada four points in Group B after a draw with Nigeria and means the Canadians can advance to the knockout rounds with a result against Australia in the final group stage game. Canada looked much more dangerous in the second half with Sinclair on the field and had multiple counter-attack chances for a third goal in the second half as Ireland threw all it had forward in the hopes of getting an equalizer. Eight minutes into the second half, Canada’s Adriana Leon scored the game-winner in the 2-1 victory.Ĭanadian legend Christine Sinclair started the game on the bench and came on at halftime. WHAT HAVE WE JUST WITNESSED FROM MCCABE AND IRELAND □□□ /DxNHsenMjPīut an own goal by Megan Connolly tied the game late in added time in the first half. ![]()
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