USD/CAD: Large surprise in Canadian CPI needed to lift the loonie – Credit Suisse USDCAD Canada Inflation BOC Banks
ahead of next week’s rate decision. A very large surprise is needed for CAD to overcome its disadvantage versus the USD, economists at Credit Suisse report.“Expectations are set for a further -0.1% MoM decline in headline CPI , but the performance of the previously lightly observed trim core CPI and median core CPIwill also attract attention, given the recent focus on them in BoC Governor Macklem’s speech. Expectations on that front are for effectively unchanged readings .
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