1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

CAD: September CPI to remain unchanged - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, expects the Canadian September CPI to remain unchanged(market: -0.1% m/m) as lower commodity prices are expected to be balanced by higher imported components.

    Key Quotes

    “We are more or less in line with the market expectation for September CPI. The core price index should increase by 0.2% m/m (market: 0.3%), reflecting the latter influence. On a year-ago basis, headline inflation should decelerate just a touch to 1.2% while core inflation should remain unchanged at 2.1%. Both our forecasts and the market consensus is consistent with the Bank of Canada’s revised forecast presented in yesterday’s MPR. Moreover, with the Bank remaining of the view that underlying inflation remains between 1.5% and 1.7%, the impact that this data print will have on the market will be muted.”
    For more information, read our latest forex news.
     

Share This Page