Canada will release 5 Consumers Price Indexes in 1 day!

Canada will release 5 Consumers Price Indexes in 1 day!

Canada will release 5 Consumers Price Indexes in 1 day!

Canada will release its inflation rate in different forms, including Common, Median, Trimmed, Core, and All items CPI on September 15, 15:30 GMT+3.

What will happen?

Canada will release its inflation rate in different forms, including Common, Median, Trimmed, Core, and All items CPI on September 15, 15:30 GMT+3. The Government of Canada is taking significant and decisive action to support Canadians and businesses facing hardship as a result of the COVID-19 outbreak.

 Common CPI counts change in the price of goods and services, purchased by consumers, which have similar price variations over time. Median CPI is a change in the median price of goods and services purchased by consumers. Trimmed CPI is a change in the price of goods and services purchased by consumers, excluding the most volatile 40% of items. This way CPI results are move stable. Core CPI is just like Trimmed, but instead of 40% items, it excludes the 8 most volatile items. And All items CPI, as you might guess, is a combination of all CPIs.

Why is it important?

 The Bank of Canada has become the first to signal an exit from the monetary stimulus in late Spring 2021 because of the fast pace of economic recovery. Now, banks from all over the world are watching for Canada’s inflation rate and consider it in their assumptions on interest rates change.

  CAD CPI.jpg

How to trade on the CPI data?

 Due to the importance of CPI data, it may influence all CAD pairs greatly. Furthermore, you can watch after other events related to CAD and combine them to catch an even greater price movement.

  • If actual numbers will beat expectations – CAD will rise.
  • Otherwise, fall.

 Check the economic calendar

 Instruments to trade: CAD/CHF, CAD/JPY, USD/CAD, GBP/CAD.

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