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August CPI Preview -- 08:30 EDT.........>

CANADA DATA
CANADA DATA: August CPI Preview -- 08:30 EDT
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- MNI median m/m -0.2% vs prior m/m -0.2% in July, MNI median y/y 1.9% vs prior
y/y 2%. 
- Decline in energy prices (gasoline) main reason for slowdown... 
- ... food prices and airfares in August were also likely slowing CPI. 
- BOC 3Q inflation forecast is 1.6%. BOC said at Sept. meeting inflation was
stronger than expected in July; core rates holding around 2%. BOC has single
policy target of 2% inflation. 
- Inflation has not been below 2% since March.

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