- Prior 1.5%
- 0.8% vs 0.6% exp m/m. Prior 0.3%
- Core 1.1% vs 1.2% prior y/y
- 0.8% vs 0.2% prior m/m
- BOC core CPI 1.2% vs 1.1% exp y/y. Prior 1.4%
- 0.7% vs 0.5% exp m/m. Prior 0.2%
- Goods inflation +1.2% from 0.4% m.m
- Energy +1.5% vs 0.8% prior m/m 1.6% vs 4.8% prior y/y
The market was expecting inflation to fall but is hasn’t fallen as much as they were looking for and with the core ticking up it keeps the BOC sitting on its hands.
The Canadian dollar goes well bid as the bumper retail sales add to the mix also.
USD/CAD down to 1.1182 after gapping down 4 pips from 1.1223 to 1.1219 on the release
