Market news
22.01.2020, 14:36

Canada: December CPI slips under the radar ahead of January BoC – TD Securities

FXStreet reports that TD Securities analysts noted: "CPI inflation was unchanged at 2.2% y/y in December, in-line with TD's forecast and slightly below the market consensus." 

"The index was unchanged on a m/m basis, as sharply higher airfares offset broader seasonal weakness. The average of the Bank's three core CPI measures edged lower due to unfavourable base effects."

"The downside surprise on inflation fits neatly with the recent string of disappointing data releases in Canada, but with headline and core inflation metrics both slightly above 2% it will be met with a shrug in Ottawa. We (and the Bank) remain focussed on the real activity figures."

"Rates: We saw a muted market reaction, which makes sense with BoC meeting today at 10:00 ET. We feel the BoC's growth forecasts are more important than the current headline CPI level."

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location