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November Inflation Preview -- 08:30 EDT......>

CANADA
CANADA: November Inflation Preview -- 08:30 EDT
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- MNI Median CPI +2.2% y/y vs. prior +1.9%; MNI Median -0.1% m/m vs. prior
+0.3%.
- Headline rate of +2.2% would be highest since May's +2.4%.
- Oct. inflation remained +1.9% YoY for 3rd consecutive month. 
- Mortgages & car insurance led the prior yearly gain; analysts see food and
housing providing boost this time.
- Oct. core CPI averaged +2.1%, matched May/July gains that were fastest since
2012.
- BOC sees inflation at +2.1% in 4Q, holding close to 2% target for next 2
years.
- November m/m CPI might be hurt from lower gasoline prices and seasonal
effects.

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