Canada: Focus on CPI this week - NBF

Sandeep Kanihama FXStreet Contributor

According to analysts at National Bank Financial, for the Canadian markets, a lot of attention this week will be on April’s consumer price index.

Key Quotes

“A surge in gasoline prices during the month should translate into a 0.4% rise of the headline index (m/m, not seasonally adjusted). This would allow the annual inflation rate to rise one tick to 2.0%.”

“We expect the annual rate of CPI-common to remain unchanged at 1.8%. If the healthy increase factory goods exports is any guide, manufacturing shipments may have advanced at a decent clip in March.”

“Information on the state of the housing market in April will also be available with the release of the Teranet-National Bank Composite Home Price Index and existing home sales.”

“Also worthy of note, the Bank of Canada will publish the latest edition of its Financial System Review on Thursday.”

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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