* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

  • 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
    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

  • 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
    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

    Mirrors in space and underwater curtains: can technology buy us enough time to save the Arctic ice caps? – The Guardian

    Can Technology Like Space Mirrors and Underwater Curtains Buy Us Time to Save the Arctic Ice Caps?

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    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: Inflation looks set for small uptick in December

January 16, 2024
in Business
Canada CPI Preview: Inflation looks set for small uptick in December
Share on FacebookShare on Twitter

The Canadian Consumer Price Index is seen growing 3.3% YoY in December.
The BoC released its Business Outlook Survey (BOS).
The Canadian Dollar navigates the area of four-week lows against the US Dollar.

Canada is set to release important inflation-related data on Tuesday. Statistics Canada will publish Consumer Price Index (CPI) for December, which is expected to show a year-on-year increase of 3.3%, slightly higher than the 3.1% recorded in November. On a monthly basis, the index is anticipated to decline by 0.3% following a 0.1% increase in the previous month. The data release has the potential to move the Canadian Dollar (CAD), which has remained weak against the US Dollar (USD) and is currently trading around four-week lows near the 1.3400 zone.

In addition to the CPI data, the Bank of Canada (BoC) will also publish the Core Consumer Price Index. This index excludes volatile components such as food and energy prices. In November, the BoC Core CPI showed a monthly increase of 0.1% and a year-on-year increase of 2.8%. These figures will be closely watched as they have the potential to impact the direction of the Canadian Dollar (CAD) and shape expectations for the Bank of Canada’s monetary policy.

What to expect from Canada’s inflation rate?

Analysts anticipate additional softening of price pressures across Canada in December. Inflation, as quantified by annual shifts in the Consumer Price Index, is projected to resume the uptrend in the last month of the year, in line with what happened in most of Canada’s G10 peers, particularly its neighbour, the US. Following August’s uptick to 4%, the CPI has trended downward, while all inflation gauges, such as the Core CPI, are expected to have moderated as well, signaling more tempered cost increases but persistence above the Bank of Canada’s 2% objective. 

If the impending data validates the expected loss of momentum in disinflationary pressures, investors may factor in the likelihood that the central bank could maintain the current rates for longer than initially anticipated, although extra tightening of the monetary conditions appears to be off the table.

With the global discussion centered on prospective interest rate reductions by monetary authorities in 2024, the unexpected pick-up of inflationary pressures would, at this point, prompt central banks to maintain their ongoing restrictive stance rather than lean towards further tightening. The latter scenario should require a sharp and persistent resurgence of price pressures and a sudden bout of consumers’ demand, all of which appear highly unlikely for the foreseeable future.

In his final remarks of the year in December, BoC Governor Tiff Macklem reported that the Governing Council would continue discussing whether monetary policy is sufficiently restrictive and the duration it should remain in that state. He anticipated that growth and employment would show improvement later in 2024, with inflation approaching the 2% target. Acknowledging the economic growth slowdown until mid-2023, he projected it to persist into 2024. Macklem mentioned that it was premature to contemplate reducing the policy rate, emphasizing that although inflation had decreased, it remained elevated.

When is the Canada CPI data due and how could it affect USD/CAD?

Canada is scheduled to unveil the Consumer Price Index for December 2023 on Tuesday at 13:30 GMT. The potential influence on the Canadian Dollar stems from shifts in monetary policy expectations by the Bank of Canada. Nevertheless, the impact may be restrained, given that – similar to the Federal Reserve and other central banks – the Bank of Canada is anticipated to have completed rate hikes amid declining inflation and a slowdown in economic growth.

The USD/CAD has started the new trading year in quite a bullish fashion, although the uptrend appears to have met a decent barrier around the 1.3450 zone. This initial area of resistance also looks underpinned by the proximity of the critical 200-day Simple Moving Average (SMA) around 1.3480. 

According to Pablo Piovano, FXStreet’s Senior Analyst, “USD/CAD would likely face the prospects for extra losses as long as it trades below the significant 200-day SMA. The bearish tone is also seen intensifying in the event of a sustainable breach of the December low of 1.3177 (December 27).”

Pablo adds: “A substantial pick-up of market activity in CAD would necessitate surprising inflation figures. While below-expectation numbers might favour the view of potential interest rate cuts by the BoC in the next month and hence put the Loonie under further selling pressure, the rebound in the CPI – in line with its neighbour, the US – could lend some wings to the Canadian Dollar, albeit to a moderate extent. A higher-than-expected inflation reading would increase pressure on the Bank of Canada to sustain elevated rates for an extended period, potentially resulting in a prolonged period of many Canadians facing challenges with higher interest rates, as underscored by Bank of Canada Governor Macklem in his December remarks.”

Economic Indicator

Canada BoC Consumer Price Index Core (YoY)

The BoC Consumer Price Index Core, released by the Bank of Canada (BoC) on a monthly basis, represents changes in prices for Canadian consumers by comparing the cost of a fixed basket of goods and services. It is considered a measure of underlying inflation as it excludes eight of the most-volatile components: fruits, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation and tobacco products. The YoY reading compares prices in the reference month to the same month a year earlier. Generally, a high reading is seen as bullish for the Canadian Dollar (CAD), while a low reading is seen as bearish.

Read more.

Next release: 01/16/2024 13:30:00 GMT

Frequency: Monthly

Source: Statistics Canada

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-headline-inflation-expected-to-tick-up-core-pressures-to-abate-further-in-december-202401160700

Tags: businessCanadaPreview
Previous Post

Elon Musk says wants more control over Tesla

Next Post

Ireland Consumer Price Index (MoM): 4.6% (December) vs -0.8%

Trump’s economy: A weak link in MAGA’s chain – The Hill

Trump’s economy: A weak link in MAGA’s chain – The Hill

July 2, 2025
BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

July 2, 2025
About 17 Million More People Could be Uninsured due to the Big Beautiful Bill and other Policy Changes – KFF

How the Big Beautiful Bill and Policy Changes Could Leave 17 Million More People Uninsured

July 2, 2025
Politics and science can mix – High Country News

When Politics Meets Science: Finding Common Ground for a Better Future

July 2, 2025
Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

July 2, 2025
Diamondbacks ban fan who interfered with apparent would-be Giants HR for rest of season, citing ‘multiple offenses’ – Yahoo Sports

Diamondbacks ban fan who interfered with apparent would-be Giants HR for rest of season, citing ‘multiple offenses’ – Yahoo Sports

July 2, 2025
Late Paleolithic whale bone tools reveal human and whale ecology in the Bay of Biscay – Nature

Ancient Whale Bone Tools Reveal Secrets of Human and Whale Life in the Bay of Biscay

July 2, 2025
Exploring three theories of consciousness. – Psychology Today

Unveiling the Mysteries: Exploring Three Fascinating Theories of Consciousness

July 2, 2025
MIT student wins first-ever Stephen Hawking Junior Medal for Science Communication – MIT News

MIT student wins first-ever Stephen Hawking Junior Medal for Science Communication – MIT News

July 2, 2025
Here’s what your morning routine really says about you – New York Post

What Your Morning Routine Says About Who You Really Are

July 2, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
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 (702)
  • Economy (728)
  • Entertainment (21,616)
  • General (15,674)
  • Health (9,767)
  • Lifestyle (732)
  • News (22,149)
  • People (728)
  • Politics (735)
  • Science (15,945)
  • Sports (21,225)
  • Technology (15,712)
  • World (708)

Recent News

Trump’s economy: A weak link in MAGA’s chain – The Hill

Trump’s economy: A weak link in MAGA’s chain – The Hill

July 2, 2025
BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

July 2, 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