CPI (MoM) Canada - Economic Calendar - FX Leaders

Home / Economic Calendar / CPI (MoM) Canada

Economic Calendar
Bank of Canada

CPI (MoM) Canada

Inflation to Turn Negative Again in Canada

Starts Friday, January 18, 2019 at 13:30
Updated Friday, January 18, 2019
In August and September we saw some negative numbers, showing a 0.1% decline in inflation in August and a 0.4% decline in September. Although in October, CPI inflation jumped 0.3% higher against 0.1% expected. But, inflation declined again in November by 0.4%. This month, inflation is expected to decline by 0.3% which would be the fourth decline in the last five months. Please follow us for live coverage of this event and its impact on the economic calendar by experienced analysts.  

<% indicator.indicator_name %>
<% indicator.indicator_value %>
<% ssp.ssp_posted_at |date:"HH:mm" %>
About CPI (MoM) Canada
Canadian CPI (MoM) is a primary measurement of inflationary pressures facing the CAD. It is derived and presented by the National Statistics Bureau, a governmental entity. Canadian CPI (MoM) is a comparison of retail prices facing a typical basket of goods and services, compared on a month-over-month basis.  Monetary policy decisions, trade balance, and consumer confidence are sensitive to CPI. Currency markets involving the CAD are receptive to a growing CPI, as it is a signal of inflation. As inflationary pressures grow or reside, the Bank of Canada (BOC) crafts monetary policy accordingly. High CPI values are often viewed as a precursor for tightening monetary policy toward the CAD, while low readings are conducive to a dovish tone.Canadian CPI is capable of swaying CAD valuations dramatically. Strong values lead to bullish participation for the CAD and lagging CPI facilitates bearish price action.

Leave a Reply

1 Comment threads
1 Thread replies
Most reacted comment
Hottest comment thread
2 Comment authors
Skerdian Meta Lead Analystgtotkay@gmail.com Recent comment authors
newest oldest most voted
Notify of

hy this news up or down?

Skerdian Meta Lead Analyst

Well, down obviously since inflation declined once again. Albeit, the decline was smaller than expected.

<% item.item_scheduled_at | date:'EEEE, d MMMM, yyyy' %>

<% item.item_title %>

Posted by <% item.author.display_name %>

<% indicator.indicator_name %>
<% indicator.indicator_value %>
Related Pairs
<% ssp.ssp_posted_at | date:"HH:mm" %>