Canada's annual inflation rate eases to 1.6% in September
Adds more comments
TORONTO, Oct 15 (Reuters) -Canada's annual inflation rate slowed more than expected to 1.6% in September, mainly on cheaper gasoline, but indicators of underlying price pressures held steady, data showed on Tuesday.
Analysts polled by Reuters had forecast the inflation rate would cool to 1.8% from 2.0% in August. Month-over-month, the consumer price index decreased 0.4%, compared with a forecast of a 0.2% decline.
Market reaction: CAD/
Link: https://www150.statcan.gc.ca/n1/daily-quotidien/241015/dq241015a-eng.htm
COMMENTARY
STEPHEN BROWN, DEPUTY CHIEF NORTH AMERICA ECONOMIST, CAPITAL ECONOMICS
"The large downside surprise to headline inflation in September and muted monthly gains in the CPI-trim and CPI-median core measures support our view that the Bank of Canada will choose a more aggressive 50 bp (basis point) cut at its meeting next week."
"With the activity data also pointing to much weaker third-quarter GDP growth than the Bank anticipated, the totality of the data should be enough to persuade the Bank to cut by a larger 50 bp next week."
KARL SCHAMOTTA, CHIEF MARKET STRATEGIST AT CORPAY
"Canadian headline inflation decelerated by more than expected last month, lowering the hurdle to an outsized rate cut at next week’s Bank of Canada meeting."
"We're still not convinced the Canadian economy needs an emergency-scale response, but there is little question today’s data will lower the downside risks associated with moving more aggressively. Swap-implied odds on a half-percentage-point rate cut at next week's Bank of Canada meeting are firming, and driving the Canadian dollar lower."
JIMMY JEAN, CHIEF ECONOMIST AT DESJARDINS GROUP
"We have not changed our call (of 50 bps cut) even after the job numbers. The job numbers showed that there is even more slack in the economy so that is important as well. The population is still strong and we saw the employment rate decline, so to us that did not cut it to go to 25 basis points. So this report in our view seals the deal."
"We also saw the business outlook survey on Friday which was pretty dovish. So all this put together, the Bank of Canada pretty much has to go for 50 (basis points)."
"We have headwinds coming our way in terms of the cutdown in the number of non-permanent residents, that will have a headwind effect on growth. There is mortgage renewal that will come up in 2025, that will still be painful. So the balance of risk for the Bank of Canada still tilts towards overtightening."
Reporting by Fergal Smith, Nivedita Balu and Divya Rajagopal; Editing by Fergal Smith
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
