Trimmed CPI y/y (CAD) comes in at 1.9% against 1.8% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDCAD | — | — |
Canada’s Trimmed CPI year over year was reported at 1.9%, exceeding the consensus expectation of 1.8%. This figure also marked an increase from the previous reading of 1.8%. The actual print represented a 5.6% surprise relative to the market consensus.
Following the release, the Canadian dollar saw varied movements against major pairs over the initial 15 minutes. USDCAD moved down 4.7 pips, while AUDCAD also declined 4.7 pips. EURCAD was down 2.1 pips, GBPCAD was down 3.2 pips, and NZDCAD was down 2.7 pips. CADCHF saw a gain of 0.6 pips, and CADJPY rose 4.2 pips. These initial movements are relatively small when compared to the historical median 1-hour moves for these pairs, which typically range from 10 pips for CADCHF to 24 pips for GBPCAD after past releases.