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The CPI report from Canada due today is the last before the next Bank of Canada Decision
Today's CPI report from Canada is the last last the Bank of Canada's next decision on December 6th. Consensus medians can be seen in the screenshot below while ranges for the headline CPI figures are: • -0.2% to 0.3% for the m/m • 2.0% to 3.3% for the y/y Preview comments, in brief. TD • look for CPI to fall to 3.1% y/y • on a sharp swing in the contribution from energy products as prices hold unchanged m/m • gasoline prices will exert a sharp drag on the month but a tepid rebound in core goods and ongoing strength in shelter should help offset this • should also see more progress across core measures ... (full story)