• Notes from the Desk | CAD CPI - No Game Changer

Notes from the Desk | CAD CPI – No Game Changer Nov 16 2022

Notes from the Desk – CAD CPI – No Game Changer

The October CPI data had a tidbit for both the ‘bull’ and ‘bear’ camps.

 

  • Despite a surge in energy prices, and food inflation still in double digits, headline inflation was 6.9% (matching consensus expectations as well as September’s level).
  • The two core measures met the Bank of Canada’s expectations, rising by 0.1% and keeping core inflation around 5%

 

Implications.

Today’s numbers don’t change the outlook for a terminal overnight rate of 4.25-4.5% and should have little impact on the markets.

Share this...
Email this to someone
email
Share on LinkedIn
Linkedin