Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Consumer Price Index (MoM) was 1% against a forecast of 0.7%.
Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Consumer Price Index (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Average Hourly Wages (YoY) | Bullish change | 3.2% | 3.7% | ||
| Net Change in Employment | Bearish change | 87.8K | 18.2K | ||
| Unemployment Rate | Bullish change | 6.6% | 6.5% | ||
| Ivey Purchasing Managers Index | Bearish change | 61.3 | 59.7 | ||
| Ivey Purchasing Managers Index s.a | Bearish change | 58.2 | 56.2 | ||
| S&P Global Manufacturing PMI | Bullish change | 52.9 | 53 | ||
| Gross Domestic Product (MoM) | Bullish change | -0.1% | 0.5% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Inflation |
| Frequency: | Monthly |