14:30 - Canada CPI (November):
- MoM: 0,1% (Expected: 0.1%; Previous: 0.2%)
- YoY: 2,2% (Expected: 2.3%; Previous: 2.2%)
- Core MoM: -0,1% (Previous: 0.6% )
- Core YoY: 2,9% (Previous: 2.9%)
- Manufacturing sales (October): -1% (Expected: -1.1%; Previous: 3,3% )
Consumer prices in Canada have shown a steady level of price dynamics in holistic terms. Monthly CPI was in match with expectations, while yearly it proved to be minimally lower.
In base inflation, we can observe an contraction in prices. This would mark the first time in almost a year. Yearly core CPI remains steady and in line with expectations.
Overall, the dynamic of price increase shows a small but noticeable weakening. Most data came out in line with expectations; therefore, USDCAD reaction shows a small depreciation of Canadian currency. This reflects the market's expectation of slightly looser monetary policy expected of the Bank of Canada.
USDCAD (M1)
Source: xStation5
NFP preview
US OPEN: Mild optimism at the start of the week
🍫Cocoa Retreats from Monthly High
BREAKING: NY Empire Index much lower than expected! 📉
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
