Canada: February headline inflation likely to firm to 1.5% - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are looking for the Canadian headline inflation to firm to 1.5% y/y in February, with prices up 0.7% m/m (market: 1.4% y/y, 0.6% m/m).

Key Quotes

“Most of the monthly increase is driven by seasonal factors although stronger gasoline and food prices will also support the headline print. However, we do see downside risks to core inflation metrics.”

“For retail sales, we are in line with the market and expect a 0.4% headline print on strong motor vehicle sales, leaving the ex-auto measure up 0.2%.”

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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