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CAD: September CPI to remain unchanged - TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, expects the Canadian September CPI to remain unchanged(market: -0.1% m/m) as lower commodity prices are expected to be balanced by higher imported components.

Key Quotes

“We are more or less in line with the market expectation for September CPI. The core price index should increase by 0.2% m/m (market: 0.3%), reflecting the latter influence. On a year-ago basis, headline inflation should decelerate just a touch to 1.2% while core inflation should remain unchanged at 2.1%. Both our forecasts and the market consensus is consistent with the Bank of Canada’s revised forecast presented in yesterday’s MPR. Moreover, with the Bank remaining of the view that underlying inflation remains between 1.5% and 1.7%, the impact that this data print will have on the market will be muted.”

Bullish print added to the EUR/SEK chart

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