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BoC Surveys In Today's Focus

CANADA
  • Today sees the first of two days of important local releases, with the BoC business and consumer surveys for Q3 at 1030ET before tomorrow’s CPI.
  • Together they mark the last major releases before the BoC decision on Oct 25, although retail sales are still to come on Friday.
  • One area that will continue to be of focus in this survey is firms’ price setting behaviour, one of the four points the BoC has previously focused on its policy statement.
  • In his first public remarks as as external Dep Gov on Oct 3, Vincent noted that “while we see signs of pricing practices gradually returning to normal [compared to larger and more frequent price changes post-pandemic], they are still not where they were before the pandemic.” More from Vincent here: https://www.bankofcanada.ca/2023/10/how-price-setting-influences-inflation/
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