The market should be on alert for an announcement on more stimulus (including potential BoC cuts), after Headline CPI softened to 2.2% y/y in February, according to analysts at TD Securities. Key quotes “Headline CPI was slightly stronger than expected at 2.2% y/y in February (TD/market: 2.1%) with prices 0.4% higher on the month (0.439% before rounding).” “Core inflation softened once again with two of the Bank of Canada’s three preferred measures edging lower by 0.1pp. This took the average to 1.97% for the first sub 2% reading since August.” “Morneau and Poloz are scheduled to speak at 16:15 GMT. Given what transpired last Friday, markets should be on alert for another 50bp cut from Poloz.” 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 Oil: Upside potential may be limited to $50/bbl in 2021 – ABN Amro FX Street 2 years The market should be on alert for an announcement on more stimulus (including potential BoC cuts), after Headline CPI softened to 2.2% y/y in February, according to analysts at TD Securities. Key quotes “Headline CPI was slightly stronger than expected at 2.2% y/y in February (TD/market: 2.1%) with prices 0.4% higher on the month (0.439% before rounding).” “Core inflation softened once again with two of the Bank of Canada's three preferred measures edging lower by 0.1pp. This took the average to 1.97% for the first sub 2% reading since August.” “Morneau and Poloz are scheduled to speak at 16:15 GMT.… 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.
