Canada: Key economic data ahead - HSBC
|Analysts at HSBC present a list of key macro events due on the cards from Canada later today at 1330 GMT.
Key Quotes:
“CPI: We look for consumer prices to decline by 0.1% in October. Typically, prices are unchanged on a m-o-m basis. However, we expect a decline in gasoline prices to tip the balance toward a small drop in prices overall, and more than offset another anticipated increase in mortgage interest costs. Since November 2017, mortgage interest costs have increased by an average 0.6% per month, boosting the year-on-year rate of increase from 0.6% to the current 6.4%. With the small drop in total CPI in the month, we expect the annual rate of increase of consumer prices to fall to 2.0% from the prior 2.2%.
Retail sales: We look for retail sales to be unchanged in September, but sales excluding autos to rise by 0.1%. We expect auto sales to decline by 0.4% in the month. This drop would follow the first increase in auto sales in the three months in August. Given that consumer goods prices were little changed in the month, we also expect the change in retail prices to be small. Hence, the changes in retail sales in the month will largely be in real terms.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.