CA CPI m/m

Seriously? This is what is meant by central bank coordination?! No fewer than eleven global central banks will weigh in with policy updates this week including three of the most powerful ones such as the Federal Reserve, Bank of Japan and the Bank of England. Many of them are expected to have less confidence in the path forward and partly because of you-know-who over on Pennsylvania Avenue. What they guided could dominate the week’s market actions and possibly—just possibly—give crazy social media rants a run for their money for a ...

The US threat of aluminum and steel tariffs and reciprocal tariffs initially shook the markets, but the implementation at some future date gives the impression that the threats are negotiating ploys helped take away the sting. In his first term, Trump converted some of the tariffs to quotas, and that one scenario for the likely outcome now. Still there is great uncertainty of the US intent and strategy. For its part, the greenback finished last week lower against all the G10 currencies but the Japanese yen. It is not coincidental ...

Statistics Canada is set to release its latest inflation report for December, based on the Consumer Price Index (CPI), this Tuesday. Early forecasts suggest headline inflation may have risen by 1.8% compared to the same month of the previous year. In addition to the headline figures, the Bank of Canada (BoC) will publish its core CPI data, which excludes more unpredictable items like food and energy. For context, November’s core CPI showed a 0.1% contraction compared to the previous month but showed a 1.6% increase from a year ...

Economists expect fresh data this week will reveal inflation slowed further in December, paving the way for the Bank of Canada to continue cutting interest rates. A Reuters poll shows economists expect the annual inflation rate to come in at an average of 1.7 per cent for December, down from November’s 1.9 per cent rise. But RBC sees it falling further than that — to 1.5 per cent — thanks to the federal government’s temporary GST tax holiday, as consumers spent less on a variety of items including food, restaurant meals, alcohol and ...

There were four important macro developments to note in recent days. First, the recent string of US economic data was firmer than expected and GDP looks to have expanded close to 3% in Q4. With the help of guidance by Federal Reserve Waller, who is thought to be a possible successor to Chair Powell, played up the possibility of a cut in H1, and the market implemented the guidance and has next cut nearly priced in for the June FOMC meeting. Second, guidance by Bank of Japan officials makes a rate hike at the end of the coming week ...