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Canadian inflation and retail sales data to come — Forex Stock Trade

Canadian inflation and retail sales data to come

Canada August CPI due next

Canadian headline inflation is expected to increase by 0.2% m/m and 1.5% y/y in the figures published at the bottom of the hour. It is a pick-up from a flat monthly reading of 1.2% y/y increase in July.

The figures have been well below target for months, but the Bank of Canada believes that strong growth and a tight labour market will inevitably lead to higher inflation.

A strong number to add to their conviction.

Note that the BOC uses three basic measures: Common, pad, and the median to show the underlying trend. These are key.

On retail sales, the consensus is 0.2% m/m to rise 0.4% m/m rise in ex-autos. It will be interesting to see if the turbulence of the housing in canada has affected the spending.

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