Canada: CPI likely to edge higher to 2.0% YoY in September – TDS

Sandeep Kanihama FXStreet Contributor

In view of analysts at TD Securities, Canada’s headline CPI is forecasted to edge higher to 2.0% YoY in September, with prices down by 0.3% on the month (market: 2.1% YoY, -0.2% MoM).

Key Quotes

“Airfares and travel services will provide the main catalyst for the monthly decline; seasonal effects are most punitive in September, and airfares have already risen by 17% over the last two months.”

“Core measures should fare better and hold at 2.0% y/y on average, providing little incentive for the BoC to move off the sidelines in 2019.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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