1:32 PM ยท 17 September 2024

BREAKING: USDCAD gains after Canada CPI data ๐Ÿ“Œ

01:30 PM BST, Canada - Inflation Data for August:

  • CPI: actual -0.2% MoM; forecast 0.0% MoM; previous 0.4% MoM;
  • CPI: actual 2.0% YoY; previous 2.5% YoY;
  • Core CPI: actual -0.1% MoM; previous 0.3% MoM
  • Core CPI: actual 1.5% YoY; previous 1.7% YoY;
  • Median CPI: actual 2.3% YoY; forecast 2.2% YoY; previous 2.4% YoY;
  • Trimmed CPI: actual 2.4% YoY; forecast 2.5% YoY; previous 2.7% YoY;
  • Common CPI: actual 2.0% YoY; forecast 2.2% YoY; previous 2.2% YoY;

In August 2024, Canada's Consumer Price Index (CPI) rose 2.0% year-over-year—the smallest increase since February 2021 and down from 2.5% in July—primarily due to a 5.1% decline in gasoline prices. Excluding gasoline, the CPI increased 2.2%. Mortgage interest costs, while still the largest contributor to CPI growth at 18.8% year-over-year, continued to slow.

On a monthly basis, the CPI decreased 0.2%, influenced by lower prices for gasoline, air transportation, clothing and footwear (which saw a rare August decline of 0.6%), and tour packages. Grocery store prices rose 2.4% year-over-year but fell 0.2% month-over-month due to seasonal drops in fresh vegetable prices. All provinces experienced a slowdown in price growth during this period.

8 September 2026, 8:28 AM

๐Ÿ›ข๏ธBrent Crude Nearing $100

8 September 2026, 7:50 AM

Economic Calendar: NFIB Index in Focus ๐Ÿ—ฝ Light Macro Schedule

7 September 2026, 7:01 PM

Daily summary: Is JPY reversing a long-term trendโ“

7 September 2026, 1:58 PM

Market Wrap: Far-right AfD wins in Germany, oil continues to rise (07.09.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits