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18 Dec 2015
CPI Canada expected to rise to 1.5% in November - BBH
FXStreet (Delhi) – Research Team at BBH, suggests that Canada’s November CPI is expected to rise to 1.5% from 1.0%, largely on the base effect.
Key Quotes
“Core CPI, which if flat on the month, will still see the year-over-year rate rise to 2.3% from 2.1%. Canada's problem is not prices, but growth. Canada's economy contracted from January through May. It expanded from June through August, but then contracted in September. That contraction in September offset nearly half the growth reported in the previous three months. While the Bank of Canada is in no hurry to ease again, market expectations for another cut appears to be growing.”
Key Quotes
“Core CPI, which if flat on the month, will still see the year-over-year rate rise to 2.3% from 2.1%. Canada's problem is not prices, but growth. Canada's economy contracted from January through May. It expanded from June through August, but then contracted in September. That contraction in September offset nearly half the growth reported in the previous three months. While the Bank of Canada is in no hurry to ease again, market expectations for another cut appears to be growing.”