Low impact
Canada's September CPI rose 3.1% y/y and 0.1% m/m, both below expectations, with BOC core measures also softer, and USD/CAD rose to 1.4106 from 1.4075 on the release.
InvestingLive10/19, 07:30 PM
- 3.1% y/y
- 3.2% expected
- 3.0%
- +0.1% m/m
Figures as quoted by InvestingLive
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
CAD
Pushes down
DaysMedium confidence
Cooler CPI and softer BOC core measures reduce pressure on the BOC to stay restrictive.
What could change this
If the Bank of Canada does not treat this single miss as sufficient grounds to ease further, pressure on CAD could fade.
USD/CAD before and after this story
1.4006-0.02%vs previous close
This story
Related assets
Coming up for USD/CAD
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FinancialJuice10/19, 07:30 PM
Canada's core CPI rose 0.1% month-over-month, below the prior 0.2% reading.
LiveSquawk10/19, 07:30 PM