The Statistics Canada released CAD CPI data that came out lower-than-expected of negative 0.4% compared with forecasted negative 0.1%. Moreover, CAD Retail Sales data came out together with the CAD CPI data release with the data lower-than-expected of negative 0.4% compared with the forecasted 0.1%.
The Statistics Canada noted: "The Consumer Price Index (CPI) rose 2.2% on a year-over-year basis in September, following a 2.8% increase in August. Month over month, the CPI decreased 0.4% as transitory pressures from the gasoline, air transportation and travel tours indexes, which boosted the all-items CPI in July and August, eased."
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| Historical Data Table: CPI m/m | Economic Calendar for 24.10.2018 | ||||||||
| Date | 18.05.2018 | 20.07.2018 | 17.08.2018 | 21.09.2018 | 19.10.2018 | 14:00 PM | CAD Overnight Rate | ||
| Actual | 0.30% | 0.10% | 0.50% | 0.10% | -0.40% | 14:30 PM | US Crude Oil Inventories | ||
| Forecast | 0.30% | 0.10% | 0.10% | 0.10% | 0.10% | 15:15 PM | CAD BOC Press Conference | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.93037 | 0.93549 | 0.55% | AUD/CAD | 70.35% | 29.65% | |||
| CAD/CHF | 0.76326 | 0.75966 | -0.47% | CAD/CHF | 25.27% | 74.73% | |||
| EUR/CAD | 1.49485 | 1.50242 | 0.51% | EUR/CAD | 61.10% | 38.90% | |||
| USD/CAD | 1.30379 | 1.31071 | 0.53% | USD/CAD | 56.81% | 43.19% | |||