BMO on The Day Ahead in Canada
BY MT Newswires | ECONOMIC | 08/20/25 07:39 AM EDT07:39 AM EDT, 08/20/2025 (MT Newswires) -- Canada will release the New House Price Index (NHPI) for July at 8:30 a.m. ET on Wednesday, said Bank of Montreal (BMO).
The bank expects the NHPI to fall 1.5% year over year in July as the housing market remains under pressure.
Tuesday's consumer price index report showed inflation eased to 1.7% year over year in July, though core price pressures remained elevated. BMO stated that there were no big surprises in the July inflation report, but a downside surprise is probably needed at this point to prompt the BoC off the sidelines.
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