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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.
CANADA
- CPI inflation for January is released at 0830ET tomorrow.
- Consensus is for headline to have held steady at 4.8% Y/Y (average 4.85%) on a non-seasonally adjusted increase of 0.6% M/M, but with reasonable dispersion within the range of 13 estimates.
- The average of the key core measures could edge up on rounding from 2.9% to 3.0% Y/Y after jumping two tenths in Dec, with 1 of 3 higher and the other 2 unchanged (but a very small survey). This would hit the top of the 1-3% target range, although the BOC pushed back against using these measures as indicators of economic slack in the Jan MPR.
- BOC expected path: Headline CPI is forecast “to remain close to 5% over the first half of 2022” due to supply constraints plus high energy prices and rising food costs. They see CPI easing “to about 3% by the end of 2022 as these pressures dissipate”.
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.
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