FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Last CPI Print Before Dec BoC – 0830ET

CANADA
  • Today’s CPI print comes with the market undecided between a 25bp vs 50bp hike.
  • Consensus has headline holding at 6.9% Y/Y but with a particularly wide range of 6.3-7.4% Y/Y. CIBC's 7.2% reflects an increase in pump prices.
  • We continue to focus on trim and median CPI measures after the moderation from the summer peak of 5.2% paused at 4.95% Y/Y in Aug-Sep plus a more traditional core of CPI ex food & energy.
  • The BoC showed a chart of 3-month growth rates for the trim, median and common measures in the Oct MPR but we’re not aware of plans to publish those yet.
  • In absence of those monthly rates, we focus on CPI ex food & energy, which firmed back to 0.4% M/M in Sep, off peaks from earlier in the year but still far above a rate consistent with the 2% target.
HomepageBulletMarketsFixed 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.