Busy week for Canada wraps up with inflation data

To recap:

  1. Canada elected a new government to a surprise majority
  2. The Bank of Canada held rates
  3. But the BOC cut growth forecasts and pushed out the closing of the output gap
  4. Canadian retail sales were soft

CPI is expected to rise 1.1% year-over-year and 2.1% on the BOC core measure. The results are out at the bottom of the hour.