The Statistics Canada released Canadian CPI data that came out better-than-expected of 0.7% compare with the forecasted 0.6%. Note, that the Canadian Core Retail Sales was released at the same time with the Canadian CPI.
Josh Nye, senior economist at the Royal Bank said: "With inflation remaining below two per cent now, we think that's going to mean a pause from the Bank of Canada, so households won't be seeing the same increase in borrowing costs in 2019 that they did in 2018. Still though, they are going to be making higher debt payments than they have in years past when interest rates were even lower, so still a bit of a headwind for consumer spending."
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| Historical Data Table: CPI m/m | Economic Calendar for 25.03.2019 | ||||||||
| Date | 21.09.2018 | 19.10.2018 | 19.12.2018 | 18.01.2019 | 22.03.2019 | 10:30 AM | US FOMC Member Evans Speaks | ||
| Actual | 0.10% | -0.40% | -0.40% | 0.10% | 0.70% | 11:00 AM | UK MPC Member Broadbent Speaks | ||
| Forecast | 0.10% | 0.10% | -0.40% | -0.40% | 0.60% | 14:00 PM | US CB Consumer Confidence | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 25.03.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 124.607 | 124.561 | -0.04% | AUD/CAD | 72.79% | 27.21% | |||
| CAD/CHF | 0.74187 | 0.74096 | -0.12% | CAD/CHF | 74.25% | 25.75% | |||
| EUR/CAD | 1.51419 | 1.51639 | 0.15% | EUR/CAD | 38.21% | 61.79% | |||
| USD/CAD | 1.33997 | 1.34207 | 0.16% | USD/CAD | 37.86% | 62.14% | |||