Canadian CPI Preview: Forecasts from four major banks, a detour from the path towards slower inflation CPI Canada USDCAD Macroeconomics Banks
re are the forecasts by the economists and researchers of four major banks regarding the upcoming Canadian inflation data.
Headline is expected at 6.9%, the same as in September, while Core, which excludes volatile food and energy prices, is expected at 6.3% year-on-year vs. 6.0% in September.“We expect the annual rate to have risen to 7%, up from 6.9% in September but still down from the 8.1% recent peak in June. Inflation growth excluding more volatile food and energy products were likely little changed from a 5.
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