Canadian inflation is creeping up, increasing 2.5% over a one-year basis in June, following a 2.2% increase in the previous month. Analysts were expecting inflation to climb 2.3%. The Bank of Canada has been raising interest rates, currently at 1.5%, and the OECD released a report that said they expect rates to be at 2% by 2019.

Guest: Lori Pinkowski, Senior Vice President & Sr. Portfolio Mgr at Raymond James.