The typical/expected market impact of this event is low.
The consensus forecast for Raw Material Price Index is 0.4%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The most recent announced value for Raw Material Price Index was -0.5% against a forecast of 0.6%.
Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Raw Material Price Index result:
Previous | Latest | ||||
---|---|---|---|---|---|
BoC Consumer Price Index Core (MoM) | Bearish change | -0.1% | -0.3% | ||
BoC Consumer Price Index Core (YoY) | Bullish change | 1.6% | 1.8% | ||
Consumer Price Index (MoM) | Bearish change | 0% | -0.4% | ||
Consumer Price Index (YoY) | Bearish change | 1.9% | 1.8% | ||
Average Hourly Wages (YoY) | Bearish change | 3.9% | 3.7% | ||
Net Change in Employment | Bullish change | 50.5K | 90.9K | ||
Unemployment Rate | Bullish change | 6.8% | 6.7% |
Country: | Canada |
---|---|
Currency: | CAD |
Source: | Statistics Canada |
Category: | Inflation |
Frequency: | Monthly |