Analysts at Citi group offer a sneak peek at what to expect from today’s Canadian CPI report due to be released at 1330 GMT.
Key Quotes:
“All three of the core measures retraced in September with headline CPI falling 0.4% MM (below consensus).
While much of the softness in headline CPI was in transitory components, the pullback in the core inflation measures indicates that there are still few signs of building underlying inflationary pressures.
Although growth has been robust, due to softer wage growth, we eliminate the possibility of a December rate hike and expect 3 hikes in 2019 by the BoC.”
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