Date
GMT+02:00
Event Value
Apr, 21 14:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Apr, 21 14:30
Importance: High
Previous: 0.5% m/m; 1.1% y/y
Forecast: 0.6% m/m; 2.3% y/y
Actual: -
Period: Mar

The key gauge for inflation in Canada. Simply put, inflation reflects a decline in the purchasing power of the Canadian Dollar, meaning each Dollar buys fewer goods and services. CPI is the most obvious way to measure changes in purchasing power - the report tracks changes in the price of a basket of goods and services that a typical Canadian household might purchase. An increase in the index indicates that it takes more Dollars to purchase this same set of basic consumer items.

As the most important indicator of inflation in Canada , Consumer Price figures are closely followed by Canada 's central bank. The Bank of Canada has a target inflation band of 1 - 3 % and uses CPI and Core CPI as its principle gauge (the Bank of Canada posts inflation targets and CPI on their homepage). A rising CPI may prompt the central bank to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Dollar more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Dollar.

0.5% m/m; 1.1% y/y
Apr, 21 14:30
★★
Consumer Price Index Core
Consumer Price Index Core
Country:
Date: Apr, 21 14:30
Importance: Medium
Previous: 0.3% m/m; 1.2% y/y
Forecast: 0.0% m/m; 1.4% y/y
Actual: -
Period: Mar

CPI Excluding Core Eight

The Consumer Price Index excluding eight items which the Bank of Canada has deemed to have the most volatility from month to month. The goods omitted tend to fluctuate idiosyncratically and may distort CPI data. The headline figure for CPI is the percentage change in the index on a month to month and year to year basis.

Note : These Eight items include: fruit, vegetables, gasoline, fuel oil, natural gas, mortgage interest, inter-city transportation and tobacco products. Changes in the CPI Excluding the Core 8 are recognized as a better indicator of inflation than the regular CPI. The headline figure is reported as a percent change on both the month to month and year to year basis.

0.3% m/m; 1.2% y/y
Apr, 21 14:30
★★
Common Core CPI
Common Core CPI
Country:
Date: Apr, 21 14:30
Importance: Medium
Previous: 1.3%
Forecast: 1.4%
Actual: -
Period: Mar
The Common calculation helps expose the underlying inflation trend through filtering out price movements that might be caused by factors specific to certain components. Source first released in Dec 2016. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
1.3%
Apr, 21 14:30
★★
Median Core CPI
Median Core CPI
Country:
Date: Apr, 21 14:30
Importance: Medium
Previous: 2.0%
Forecast: 2.1%
Actual: -
Period: Mar
The Median calculation helps expose the underlying inflation trend through exclusion of extreme price movements specific to certain components. Source first released in Dec 2016. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
2.0%
Apr, 21 14:30
★★
Trimmed Core CPI
Trimmed Core CPI
Country:
Date: Apr, 21 14:30
Importance: Medium
Previous: 1.9%
Forecast: 2.0%
Actual: -
Period: Mar
Change in the price of goods and services purchased by consumers, excluding 40% of components with extreme price movements. The Trimmed Mean calculation helps expose the underlying inflation trend through component weighting and anomaly exclusion. Source first released in Dec 2016. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
1.9%
Apr, 21 15:00
Leading indicators
Leading indicators
Country:
Date: Apr, 21 15:00
Importance: Low
Previous: 154.8; 1.1%
Forecast: -
Actual: -
Period: Mar

Movements in these indicators are known to precede larger developments in the rest of the economy.

The Index includes account inventory ratios, machinery orders, stock prices and other leading economic indicators. As the aggregate of many leading indices the Leading Economic Index provides a forecast of the future state of the domestic economy and is thought to predict activity that will occur 6-9 months after the reporting period.

The index operates on a 1-100 scale, where a value lower than 50 means that most indictors are negative and a value higher than 50 means most indicators are positive. In both cases a greater distance from the midpoint (50) means that the indicators are more strongly positive or negative.

154.8; 1.1%
Apr, 21 16:00
★★★
Overnight Rate
Overnight Rate
Country:
Date: Apr, 21 16:00
Importance: High
Previous: 0.25%
Forecast: 0.25%
Actual: -
Period: Apr

BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

0.25%
Apr, 21 16:00
★★★
BOC Rate Statement
BOC Rate Statement
Country:
Date: Apr, 21 16:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

This statement is the primary medium used by the Bank of Canada (BoC) to communicate with investors about monetary policy decisions, specifically those regarding interest rates.

Apr, 21 16:00
★★★
Bank of Canada Monetary Policy Report
Bank of Canada Monetary Policy Report
Country:
Date: Apr, 21 16:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

A quarterly report of the Bank of Canada’s Governing Council, presenting the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.

Apr, 21 16:30
★★
Crude Oil Inventories
Crude Oil Inventories
Country:
Date: Apr, 21 16:30
Importance: Medium
Previous: -5890K
Forecast: -3700K
Actual: -
Period: Apr

The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.

-5890K
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