Canadian PPI rose 2.0% m/m in September, accelerating from 1.3%
Canadian September producer prices rose 2.0% m/m, raw materials climbed 4.8%. Market sees 80% chance of BoC hike.
Canadian September producer prices rose 2.0% m/m, raw materials climbed 4.8%. Market sees 80% chance of BoC hike.
Scotiabank expects the Bank of Canada to raise rates by 25 bps next week, citing persistent inflation risks despite softer CPI.
Bank of Canada Q3 business survey shows improvement in future sales and recession expectations, but consumer inflation expectations jumped sharply, raising…
USDCAD dipped to 1.4071 before recovering after Canada's softer September CPI, though sellers remain in control near 1.4082.
Canada's consumer price index rose 3.1% year-on-year in September, below the 3.2% estimate, while core measures were mixed.
Traders focus on inflation, PMIs and labor data across Canada, the U.K., New Zealand, Japan, the Eurozone and the U.S.
Canada lost 68,300 jobs in September, far worse than the expected gain of 9,200, as the trade war hurt the economy.
BoC's Macklem says fuel margin normalization may take time, worrying for inflation. Q4 growth forecast cut to 0.75%.
Canada's August producer price index rose 1.3% m/m, up from 0.6%. Annual PPI increased 13.5%, and raw materials prices also surged.
The Bank of Canada's Governing Council sees near-term inflation staying elevated, while markets anticipate over 100 basis points of rate hikes.
Canada will allow immediate expensing for most new capital investment, Prime Minister Mark Carney said.
Canada's July wholesale sales rose 0.3%, beating the -0.5% forecast, though volumes fell 0.6%.
Canada's August CPI matched expectations at 3.0% year-on-year, while core measures were mixed and the Canadian dollar fell on reduced rate hike odds.
Canada's economy lost 41,700 jobs in August, far below the 15,000 gain expected, while the unemployment rate held at 6.4%.
BOC Governor Macklem comments on inflation risks and policy outlook, influencing the CAD.