Analysts at TD Securities note that Canada’s CPI inflation held steady at 1.9% y/y in September, falling short of the market consensus (2.1%) and TD’s forecast (2.0%) for a slight pickup from August. Key Quotes “Notably, this was the first downside surprise since November 2018. Prices fell by 0.4% on the month, owing to an outsized correction in airfares (-19%) that shaved roughly 0.3pp from the headline index despite their 1.5% index weight.” “The narrative from a 0.2pp miss on the headline print was clouded by stronger core CPI, with all three of the Bank’s preferred measures pushing higher by 0.1pp. This pushed the average of the three back to 2.07% y/y, which sits just below the seven year high (2.10%) from May.” “The downside miss on headline CPI won’t phase the BoC – they had forecast Q3 inflation at 1.6% y/y in the July MPR, so today’s data still represents an upside surprise of 0.3 p.p. relative to their forecast for Q3 as a whole.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index remains under pressure near 98.20 FX Street 4 years Analysts at TD Securities note that Canada's CPI inflation held steady at 1.9% y/y in September, falling short of the market consensus (2.1%) and TD's forecast (2.0%) for a slight pickup from August. Key Quotes "Notably, this was the first downside surprise since November 2018. Prices fell by 0.4% on the month, owing to an outsized correction in airfares (-19%) that shaved roughly 0.3pp from the headline index despite their 1.5% index weight." "The narrative from a 0.2pp miss on the headline print was clouded by stronger core CPI, with all three of the Bank's preferred measures pushing higher by… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
