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Upside risk to Canada's September CPI - TD Securities

FXStreet (Łódź) - Jacqui Douglas, Senior Global Strategist at TD Securities expects Canada's CPI reading for September, due out later today, to show a 2.1% increase.

Key quotes

"We see an upside risk to September CPI in looking for a 2.1% print for year-ago headline inflation (market: +2.0% y/y)."

"Core inflation should remain unchanged at 2.1% y/y buoyed by seasonal lifts from tuition and clothing prices."

"While Q3 inflation has run ahead of what the Bank of Canada had forecast back in July, there are plenty of reasons to sound dovish next week."

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