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while releasing the Canadian CPI data is to remind the forex market of the Bank of Canada’s following their unexpected cut in rates at the beginning of this month.
The headline CPI is expected stay still and steady at 2.4%, as the Bank of Canada’s core CPI measure is anticipated to drop download a bit further below their inflation base target of 2.0% - 1.7%.
The divergence will be the result of some massive increases that we've seen before in energy and food prices and rates, as oil and wheat futures surged to sky high records. although... the rapid appreciation of the CAD during 2007 has led import prices to plummet.
If in tuesday the inflation data will become unsure or un-expected, the CAD is more likely to response immediately, though its movement may be more harsh in the case of an upside surprise. the bonds (national) although... may show a much more sharper results after the CPI figures will be published.
14:24
Posted on Dec-18-2007
