TD Securities analysts are looking for the Canadian headline inflation to firm to 1.9% y/y in March, in line with the market consensus, with prices up 0.7% for the second consecutive month.
“Gasoline prices are the main catalyst for the monthly print, given an 11% increase at the pump, while other one-offs (airfares, telecoms, rent) should provide another source of upside. Our base-case is for core measures to remain stable at 1.83% on average but we see modest upside risks to CPI-trim and median.”
“International trade for February will be published alongside CPI; TD looks for the deficit to widen a touch to $4.4bn, while the market looks for an improvement to $3.25bn.”
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.