© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Trudeau Blames NIMBYs For National Housing Squeeze

MNI BRIEF: Fed Must Keep Higher Rate Through Next Year- IMF

MNI: Canada's 2022-23 Budget Deficit Is Near Forecast

MNI: TREASURY GENERAL ACCOUNT $38.8B MAY 25 VS $49.5B PREV DAY

MNI DATA FORECASTS: EZ Inflation, US Payrolls In Focus

EZ/UK Bond Supply Calendar: Italy BTP/CCTeu Auction on Tuesday

(RPT)MNI INTERVIEW: Fed Needs Better QE Guardrails-Fed Adviser

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

MNI BRIEF: BOC Defends 2% Target, Senate Asks About Raising It

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

In Line Core CPI Print Lessens Impact From Headline Miss

CANADA DATA
HomepageBulletMarketsFixed Income NewsForeign Exchange News
  • Headline CPI inflation slows more than expected in February from 5.9% to 5.2% Y/Y (cons 5.4%)
  • However, the BoC’s preferred core, an average of the median & trim measures, slowed as expected from 5.05% to 4.85% Y/Y, whilst the more traditional core (ex food & energy) also eased a tenth to 4.84% Y/Y.
  • Core coming in in line with expectations deadens the impact from headline miss. Immediate reaction to CAD CPI sees 2Y GoC yields trim 2.5bps for still +12bp on the day (Tsys +15bp) whilst minimal reaction in USDCAD, just 10 pips higher.

93 words

To read the full story

Why Subscribe to

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.
  • Headline CPI inflation slows more than expected in February from 5.9% to 5.2% Y/Y (cons 5.4%)
  • However, the BoC’s preferred core, an average of the median & trim measures, slowed as expected from 5.05% to 4.85% Y/Y, whilst the more traditional core (ex food & energy) also eased a tenth to 4.84% Y/Y.
  • Core coming in in line with expectations deadens the impact from headline miss. Immediate reaction to CAD CPI sees 2Y GoC yields trim 2.5bps for still +12bp on the day (Tsys +15bp) whilst minimal reaction in USDCAD, just 10 pips higher.