Market foсus

On Friday, November 17, 2017, it is worthwhile to focus on the data on the consumer price index of Canada. The consumer price index measures the change in prices of goods and services from the consumer’s point of view and is a key way of measuring inflation rates.

According to the forecast, the consumer price index (CPI) will grow by 0.1% in October, against the previous value of 0.2%. On an annualized basis, the growth rate will be 1.4%, which is lower than the previous value of 1.6%. The base consumer price index (CPI) will grow by 0.3% in October, which is higher than the September value of 0.2%. The release of data within the forecast can cause ambiguous reaction of the Canadian. That is why one should expect the dynamics of the Canadian currency within 30 points, against competitors.

Alexander Sivtsov