19 Dec 2014
Day ahead: Canadian CPI expected to fall – Rabobank
FXStreet (Barcelona) - The Rabobank Team highlights the key data for the day, expecting Canadian CPI to fall to 2.2%yoy in November from October’s 2.4%yoy.
Key Quotes
“In the UK, we get an update on public finances with an expected increase in public sector net borrowing in November. If borrowing outstrips expectations it will be increasingly difficult for the government to reach its Autumn Statement goals.”
“In the afternoon, we cross the Atlantic and make our first stop in Canada. The Canadian CPI is expected to fall to 2.2% year-on-year in November, from 2.4% a month earlier. In contrast, the core CPI is seen to rise to 2.5% from 2.3%. Meanwhile, Canadian retail sales may have declined in October due to falling auto sales.”
“Our last stop is the US, where the Kansas City Fed index for December will be published. It is expected to remain unchanged.”
Key Quotes
“In the UK, we get an update on public finances with an expected increase in public sector net borrowing in November. If borrowing outstrips expectations it will be increasingly difficult for the government to reach its Autumn Statement goals.”
“In the afternoon, we cross the Atlantic and make our first stop in Canada. The Canadian CPI is expected to fall to 2.2% year-on-year in November, from 2.4% a month earlier. In contrast, the core CPI is seen to rise to 2.5% from 2.3%. Meanwhile, Canadian retail sales may have declined in October due to falling auto sales.”
“Our last stop is the US, where the Kansas City Fed index for December will be published. It is expected to remain unchanged.”