Canada Inflation Rate YoY
Shelter 27.5% and Transportation 19.3% in Canada are the most important elements in the CPI basket. Food accounts for 16.1%, Household Operations, Furnishings and Equipment 11.8%, Recreation & Education and Reading for 11.8 %, Clothing and Footwear 5.7%, Health and Personal Care account for 5%, and Alcoholic Beverages and Tobacco Products account for the final 3%. The Consumer Price Index basket is evaluated every four years based on data collected from household surveys. The current weights are based on expenditure patterns that occurred throughout the year 2009.
A higher than expected figure should be seen as positive (bullish) for the CAD while a lower than expected figure should be seen as negative (bearish) for the CAD.
Forex Sentiment (CAD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDCAD |
|
|
1.3552 -112 pips |
1.3710 -46 pips |
1.36643 | |
| AUDCAD |
|
|
0.8887 -42 pips |
0.8959 -30 pips |
0.89287 | |
| CADJPY |
|
|
111.0919 -437 pips |
112.8032 +265 pips |
115.457 | |
| EURCAD |
|
|
1.4517 -102 pips |
1.4664 -45 pips |
1.46191 | |
| GBPCAD |
|
|
1.6957 -118 pips |
1.7103 -28 pips |
1.70753 | |
| NZDCAD |
|
|
0.8116 -7 pips |
0.8202 -79 pips |
0.81225 | |
| CADCHF |
|
|
0.6605 -80 pips |
0.6806 -121 pips |
0.66853 |
News (CAD)
Bank Of Canada Leaves Rates Unchanged As Inflation Remains 'Too High'
The Bank of Canada announced its widely expected decision to once again leave interest rates unchanged on Wednesday, saying inflation is still "too high." The Canadian central bank held its target for the overnight rate at 5.0 percent, with the bank rate at 5.25 percent and the deposit rate at 5.0 percent.
RTTNews | 16 days ago
Bank Of Canada Leaves Rates Unchanged Amid Ongoing Inflation Concerns
In a widely expected move, the Bank of Canada on Wednesday announced that it has once again decided to leave interest rates unchanged. The decision to leave rates unchanged came as the Bank of Canada said its Governing Council is still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation.
RTTNews | 51 days ago
Bank Of Canada Leaves Rates Unchanged, Still Concerned About Inflation Outlook
Citing the outlook for the economy and inflation, the Bank of Canada on Wednesday announced its widely expected decision to leave interest rates unchanged. The decision to leave rates unchanged comes as the Bank of Canada said its Governing Council is "still concerned about risks to the outlook for inflation, particularly the persistence in underlying inflation."
RTTNews | 93 days ago
