08:57 AM EDT, 06/26/2024 (MT Newswires) -- There is nothing out in Canada on Wednesday ahead of Thursday's two-year government bond auction in the wake of Tuesday's "hot" consumer price index (CPI) and Friday's gross domestic product (GDP) figures, said Scotiabank.

Financial markets now see only 6bps of a cut priced for the Bank of Canada's (BoC) July 24 policy decision, down from about 15bps of a cut priced before Tuersday's CPI figures, stated Scotiabank.

A lot of data is still ahead before the next decision including another CPI report, the BoC's surveys of businesses and consumers including measures of inflation expectations, a jobs report, and both April and May GDP estimates, pointed out the bank.