Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The most recent announced value for Consumer Price Index (MoM) was 0.5% against a forecast of 0.6%.
Recent economic data has been moderately bullish 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 | 4.2% | 5.1% | ||
| Net Change in Employment | Bullish change | -83.9K | 14.1K | ||
| Unemployment Rate | (no change) | 6.7% | 6.7% | ||
| Ivey Purchasing Managers Index | Bullish change | 56.3 | 56.5 | ||
| Ivey Purchasing Managers Index s.a | Bearish change | 56.6 | 49.7 | ||
| S&P Global Manufacturing PMI | Bearish change | 51 | 50 |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Inflation |
| Frequency: | Monthly |