Canada April CPI +2.0% vs +2.0% expected

Author: Adam Button | Category: News

Canadian CPI report highlights:

Canadian CPI report highlights:
  • Prior was +1.9% y/y
  • m/m CPI +0.4% vs +0.4% expected
Core measures y/y:
  • Median 1.9% vs 2.0% expected
  • Common 1.8% vs 1.8% expected
  • Trim 2.0% vs 2.1% expected
The numbers are a bit of the soft side but were a tad strong last month so it levels out. I don't see the market doing much with these numbers but the initial reaction is for a bit of CAD weakness.
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