August 2016 Canadian CPI 1.1% vs 1.4% exp y/y

Details of the August 2016 Canadian CPI data report 23 September 2016

• Prior 1.3%

• -0.2% vs 0.1% exp m/m. Prior -0.2%

• BOC core 1.8% vs 2.0% exp y/y. Prior 2.1%

• 0.0% vs 0.2% exp m/m. Prior 0.0%

• SA CPI -0.1% vs 0.0% prior m/m. Core 0.0% vs 0.1% prior m/m

Miss and miss on this, miss on retail sales. Not good news.

USDCAD rockets over 100 pips to 1.3127 from 1.3009.

Canadian CPI & core y/y