MNI BRIEF:BOJ Q1 Output Gap Hits 16th Negative Reading In Row

MNI: PBOC Sets Yuan Parity Higher At 7.1312 Weds; -0.34% Y/Y

MNI: PBOC Net Drains CNY248 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

MNI BRIEF: 'Noise' Driving Economic Deterioration- Campos Neto

Australia May Total Dwelling Approved +5.5%

Australia May Retail Trade +0.6%

MNI: AUSTRALIA MAY RETAIL SALES +0.6% M/M

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Canada CPI - Tue 0830ET

CANADA DATA
  • Headline CPI is seen falling a non-seasonally adjusted -0.1% M/M in November, pushing the Y/Y two tenths lower from 3.12% to 2.9% Y/Y.
  • It would mark the second month this year within the BoC’s 1-3% control band, after 2.8% in June.
  • The BoC's preferred trim and median measures are also seen easing two tenths to an average 3.35% Y/Y for the lowest since late 2021.
  • Importantly, there is a chance of another sizeable moderation in the three-month rate of core inflation: with a strong 0.4% M/M in August dropping out, the same M/M as in Oct would see the three-month average of trim/median slow from 3.0% to 2.0% annualized.
  • BoC commentary around the December meeting was keen to caution putting too much weight on a short-term improvement in the data but such a reading could help bring forward the timing of BoC cuts with currently ~50/50 odds seen for March. That said, there is still another CPI release for Dec before the next BoC decision on Jan 24.
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange BulletsCanada Bank of Canada Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.