Canada's September PPI rose 2.0% m/m (14.5% y/y) versus 1.3% prior, with the Raw Materials Price Index up 4.8% m/m (27.0% y/y), while markets price an 80% chance of a Bank of Canada rate hike on October 28.

InvestingLive10/22, 07:33 PM

Figures as quoted by InvestingLive

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

CAD
Would push up
DaysMedium confidence
Hot PPI data raises odds of a BoC hike on Oct 28, which could support CAD if realized

What could change this

If the Bank of Canada holds despite the hot PPI print, the anticipated CAD support would not materialize.

1.4006-0.02%vs previous close

This story

10/15, 04:00 AMNow