CHILE: USDCLP Rises 1.0%, Pension Reform To Be Signed Into Law
Mar-20 13:30
* The firmer dollar, weaker equities and softer copper prices have put the Chilean peso on the bac...
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CANADA JAN CPI +1.9% YOY VS PRIOR +1.8% ON Mortgages and GAS
Feb-18 13:30
- CANADA JAN CPI +1.9% YOY VS PRIOR +1.8% ON MORTGAGES AND GAS
- CORE RATES QUICKEN: MEDIAN 2.7% FROM 2.6%, TRIM 2.7% FROM 2.5%
- CANADA JAN CPI +0.1% MOM FROM PRIOR -0.4%
CANADA DATA: Canada Jan CPI +1.9% YOY On Gasoline, Core Measures Accelerate
Feb-18 13:30
- Canada Jan CPI +1.9% YOY from +1.8% in Dec despite the price drag from the 2-month tax holiday which started on Dec 14.
- Jan CPI +0.1% MOM vs prior -0.4%.
- BoC preferred core measures, which exclude the impact of indirect taxes, accelerated. Core median +2.7% from prior +2.6% and core trim +2.7% from +2.5%.
- Headline acceleration led by mortgage interest costs (+10% YOY) and gasoline (+8.6%). Prices for new passenger vehicles +2.3% YOY in January vs +0.9% in Dec.
- The tax holiday lowered inflation for some components. Food -0.6% YOY in Jan, the first yearly decline since May 2017 with food prices from restaurants a record -5.1%. Toys also -6.8%.
- Excluding effect of the tax holiday, StatsCan said CPI would have been +2.7% YOY.
- StatsCan said CPI for any tariffs will require no adjustments because their effect would be embedded in final prices the agency collects.
- This is the last CPI report before BoC's interest rate decision meeting on March 12. Investors were split on whether the policy rate would be cut a seventh time in a row.
MNI: CANADA JAN CPI INFLATION +0.1% M/M, +1.9% YY
Feb-18 13:30
- MNI: CANADA JAN CPI INFLATION +0.1% M/M, +1.9% YY
