CPI inflation reading from Canada (for November) came in higher than expected: 3.1% y/y vs 2.9% and 3.1% previously
- Canadian CPI MoM: 0.1% vs -0.1% exp. and -0.1% previously
- BoC Core CPI y/y: 2.8% vs 2.7% previously
- BoC Core CPI MoM: 0.1% vs 0.3% previously
- Canadian PPI MoM: -0.4% vs -0.6% exp. and -1% previously
- Canadian PPI y/y: -2.3% vs -2.7% previously
- Canadian RMPI y/y: -4.2% vs -3.5% exp. and -2.5% previously
CAD gains after higher inflation reading, which may be a Bank of Canada 'higher for longer rates' policy signal.
Source: xStation5
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