* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, September 27, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

    ‘Today’: Sheinelle Jones Thanks Katie Couric for Support After Husband’s Death – CBS 19 News

    Sheinelle Jones Expresses Heartfelt Thanks to Katie Couric for Support After Husband’s Passing

    Sate your hunger at DBA’s Taste of Downtown – Bakersfield.com

    Indulge Your Cravings at DBA’s Taste of Downtown!

    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Aurora police hope to add facial recognition technology to crime-fighting tools – CBS News

    Aurora Police Aim to Boost Crime-Fighting with New Facial Recognition Technology

    Autonomous Solutions shows off cutting-edge technology for the public – Cache Valley Daily

    Autonomous Solutions Unveils Cutting-Edge Technology for the Public

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    What are we really gaining from technology? – Fast Company

    What Are We Really Gaining from Technology?

    TOMI Environmental Solutions, Inc. Expands SteraMist iHP Technology Services in Healthcare Sector with New Provider Partnership – Quiver Quantitative

    TOMI Environmental Solutions Accelerates SteraMist iHP Technology Expansion in Healthcare with New Provider Partnership

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

    ‘Today’: Sheinelle Jones Thanks Katie Couric for Support After Husband’s Death – CBS 19 News

    Sheinelle Jones Expresses Heartfelt Thanks to Katie Couric for Support After Husband’s Passing

    Sate your hunger at DBA’s Taste of Downtown – Bakersfield.com

    Indulge Your Cravings at DBA’s Taste of Downtown!

    Caesars Entertainment (CZR): Assessing Valuation After Times Square Casino Setback and Mounting Investor Concerns – simplywall.st

    Caesars Entertainment Faces Times Square Casino Hurdles as Investor Concerns Mount

    Why Hilaria Baldwin Has Found the ‘DWTS’ Process ‘Embarrassing’ At Times – WFXG

    Hilaria Baldwin Opens Up About the Embarrassing Moments on Her ‘DWTS’ Journey

    Harvest Fest 2025 – yadkinripple.com

    Celebrate the Bounty: Harvest Fest 2025 is Coming!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Aurora police hope to add facial recognition technology to crime-fighting tools – CBS News

    Aurora Police Aim to Boost Crime-Fighting with New Facial Recognition Technology

    Autonomous Solutions shows off cutting-edge technology for the public – Cache Valley Daily

    Autonomous Solutions Unveils Cutting-Edge Technology for the Public

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    Amazon to Pay $2.5 Billion in Prime Membership Settlement – The New York Times

    What are we really gaining from technology? – Fast Company

    What Are We Really Gaining from Technology?

    TOMI Environmental Solutions, Inc. Expands SteraMist iHP Technology Services in Healthcare Sector with New Provider Partnership – Quiver Quantitative

    TOMI Environmental Solutions Accelerates SteraMist iHP Technology Expansion in Healthcare with New Provider Partnership

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Canada CPI Preview: Forecasts from seven major banks, inflation likely eased in January

February 19, 2024
in Business
Canada CPI Preview: Forecasts from seven major banks, inflation likely eased in January
Share on FacebookShare on Twitter

Statistics Canada will release January Consumer Price Index (CPI) data on Tuesday, February 20 at 13:30 and as we get closer to the release time, here are the forecasts by the economists and researchers of seven major banks regarding the upcoming Canadian inflation data.

Headline is expected at 3.2% year-on-year vs. the prior release of 3.4%. If so, it would be the first deceleration since October. Nevertheless, core trim is expected to fall a tick to 3.6% while core median is expected to remain steady at 3.6% YoY.

RBC Economics

The first Canadian inflation reading of 2024 should edge lower on falling energy prices and slower food price growth. We expect the consumer price index to rise 3.2% YoY, lower than 3.4% in December. But the underlying details will be closely watched for signs on whether inflation pressures are continuing to trend – albeit gradually – towards the BoC’s 2% target. Stripping out volatile components like food and energy, we expect price growth to hold at 3.4% YoY with the recent months’ mixed underlying drivers continuing. More than a quarter of price growth overall is still coming from higher mortgage interest costs that are a direct result of earlier BoC interest rate increases. If we exclude that component, price growth would already be back within the BoC’s 1% to 3% inflation target range. The share of the CPI basket seeing abnormally high inflation has also been declining. Roughly 51% of the consumer basket was growing at more than 3% over the last three months, down from a peak of 77% of the basket in July 2022. But we also look for YoY growth in the BoC’s preferred broader trim and median measures of underlying price growth to hold steady at 3.7% and 3.6%, respectively, in December.

ING

In Canada, we will have inflation data which is likely to show inflation hovering just above 3%. This won’t be enough to trigger an imminent Bank of Canada policy rate cut, but we do expect them to start easing by the June policy meeting.

TDS

We look for CPI inflation to slow by 0.2pp to 3.2% YoY in January as prices rise by another 0.4% MoM. Core inflation measures should help to reinforce the limited progress towards 2%, with a 0.1pp decline for CPI-trim/median to 3.55% YoY on average as 3m rates of core CPI edge higher to 3.8%. The BoC might not put as much weight on 3m rates of CPI-trim/median going forward given its recent shift towards more generalized core inflation, but this still speaks to the persistence of underlying price pressures that will make it difficult for the Bank to deliver a dovish message in March.

NBF

Although gasoline prices treaded water during the month, headline prices may still have risen 0.4% before seasonal adjustment, supported by higher food prices. Despite this increase, the 12-month rate could still go down from 3.4% to 3.3%, thanks to a highly positive base effect. The core measures preferred by the BoC, meanwhile, could have improved only marginally, with the CPI-trim easing from 3.7% to 3.6% and the CPI-med remaining unchanged at 3.6%.

CIBC

After accelerating in the prior month, headline inflation should partially ease again in January with gasoline prices falling on the month and food price inflation easing. However, mortgage interest costs and rising rental prices should keep the monthly trend in ex-food/energy prices on a firmer track than would be consistent with a 2% inflation target. On a YoY basis, inflation excluding food/energy could actually accelerate slightly. The BoC’s CPI-trim and median measures of inflation accelerated in December, and are unlikely to show much improvement in the latest month. Indeed, the 3-month annualized rates will likely accelerate, and on a YoY basis, we only forecast a slight deceleration in the trim measure.

Citi

We expect a 0.5% MoM increase in headline CPI in January with the YoY reading remaining at 3.4%. Shelter prices are expected to remain strong, though some recent comments from BoC officials have been interpreted as looking through strength in shelter inflation. While officials may be unlikely to raise rates again due to shelter inflation alone, the path of shelter inflation will still likely be a very important consideration in setting policy. The path of the core inflation measures will remain the most important element of monthly inflation reports. The 3-month average annualized pace of CPI-median and CPI-trim will likely remain elevated in January as a weaker reading from October drops out of the 3-month calculation. And the preferred leading indicators of core inflation like the CFIB price plans survey still suggest that 3-month core could drop closer to 2.5% by mid-year, but currently, BoC officials would need at least a few months of 3-month core inflation around 2.5% to feel comfortable lowering rates.

Wells Fargo

For January, headline inflation is expected to tick only modestly lower to 3.2%, while core inflation is also expected to ease only slightly. Moreover, if these forecasts are realized, both headline and core inflation would remain some distance above the central bank’s 2% inflation. Against that backdrop, we don’t expect the BoC to be in a rush to lower interest rates and our view remains that the central bank won’t deliver an initial 25 bps rate cut until its June monetary policy announcement.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/canada-cpi-preview-forecasts-from-seven-major-banks-inflation-likely-eased-in-january-202402191600

Tags: businessCanadaPreview
Previous Post

Goldman Sachs ups year-end S&P 500 target to 5,200, says Big Tech must do the heavy lifting

Next Post

EUR/GBP gains momentum on quiet Monday, bulls step in

LDWF Announces Temporary Closure of the Nature & Science Center at Port Wonder – Louisiana Department of Wildlife and Fisheries (.gov)

Temporary Closure of the Nature & Science Center at Port Wonder Announced

September 27, 2025
The One Ingredient That Gives Chickpeas That Perfect Crunch – Yahoo

The Secret Ingredient That Makes Chickpeas Irresistibly Crunchy

September 27, 2025
How Sustainable Technology is Shaping a Greener Future – Technology Magazine

How Sustainable Technology is Driving the Revolution Toward a Greener Future

September 27, 2025
What happens when President Trump attends major sports events – and why he does it – The Athletic – The New York Times

What happens when President Trump attends major sports events – and why he does it – The Athletic – The New York Times

September 27, 2025
New Delhi 2025: Preview, stars and how to watch the World Championships – Paralympic.org

New Delhi 2025 World Championships: Top Athletes to Watch and How You Can Catch the Action

September 27, 2025
Stock market exodus to Wall Street hits 20-year high – EL PAÍS English

Stock market exodus to Wall Street hits 20-year high – EL PAÍS English

September 27, 2025
October Prime Day TV Deals: Elevate Your Entertainment Space With These Early Savings – CNET

October Prime Day TV Deals: Upgrade Your Entertainment Space with These Early Savings

September 27, 2025
Georgia’s Medicaid work requirement program spent twice as much on administrative costs as on health care, GAO says – North Carolina Health News

Georgia’s Medicaid Work Requirement Program Spent Twice as Much on Administration as on Patient Care, GAO Finds

September 27, 2025
TGIF: Ian Donnis’ Rhode Island politics roundup for Sept. 26, 2025 – The Public’s Radio

TGIF: Ian Donnis’ Rhode Island politics roundup for Sept. 26, 2025 – The Public’s Radio

September 27, 2025
City Parks Initiative Launches Ecological Tracker for Bond Projects – Citizen Portal AI

Revolutionary Ecological Tracker Unveiled to Transform Monitoring of City Parks Bond Projects

September 27, 2025

Categories

Archives

September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (839)
  • Economy (860)
  • Entertainment (21,734)
  • General (17,274)
  • Health (9,903)
  • Lifestyle (873)
  • News (22,149)
  • People (861)
  • Politics (870)
  • Science (16,070)
  • Sports (21,360)
  • Technology (15,843)
  • World (842)

Recent News

LDWF Announces Temporary Closure of the Nature & Science Center at Port Wonder – Louisiana Department of Wildlife and Fisheries (.gov)

Temporary Closure of the Nature & Science Center at Port Wonder Announced

September 27, 2025
The One Ingredient That Gives Chickpeas That Perfect Crunch – Yahoo

The Secret Ingredient That Makes Chickpeas Irresistibly Crunchy

September 27, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version