2:31 PM · 19 December 2023

BREAKING: CPI inflation in Canada higher than expected. USDCAD loses 📉

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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Economic reports

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Losses can exceed deposits

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