Canada Core Consumer Price Index (CPI) month/month
WHEN : 22 July 2020
WHAT IT INFLUENCES: CAD and its subsequent pairs
The Core Consumer Price Index (CPI) measures the change in the prices of goods and services from the perspective of the consumer, excluding food and energy. The Central Bank pays very close attention to this figure in its role of maintaining price stability, as it excludes volatile food and energy components.
If the actual value of the CPI exceeds its forecast, the CAD generally shows an uptrend (bullish). And if the actual value of the CPI falls behind its forecast, the CAD generally shows a downtrend (bearish).
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