Canada CPI for November Zero.Zero% versus Zero.1% estimate

• Prior month Zero.Four%
• CPI MoM Zero.Zero% versus Zero.1% estimate
• Core CPI MoM Zero.1% versus Zero.Four% final month
• CPI YoY 1.9% versus 2.Zero% YoY est. Prior month 2.Zero%
• CPI Median 2.6% versus 2.Four% estimate. Final month 2.5% revised increased to 2.6%
• CPI Trim 2.7% versus 2.5% estimate. Final month 2.6% revised increased to 2.7%
• CPI Widespread 2.Zero% versus 2.2% final month
• CPI BOC Core YoY 1.6% versus 1.7% final month
• CPI BOC Core MoM -Zero.1% versus Zero.Four% final month

Particulars on the information:

Black Friday Impression

• Black Friday Gross sales Impression: Reductions throughout November contributed to decrease costs throughout a number of classes.

Affected Indices:

Family Operations, Furnishings, and Tools: Declined Zero.9% in November.

• Key drivers:
  • Mobile providers: -6.1%
  • Furnishings: -2.1%

Clothes and Footwear: Declined Zero.eight% in November.

• Key drivers:
  • Ladies’s clothes: -Zero.eight%
  • Youngsters’s clothes: -Four.9% (largest recorded month-to-month decline for November).

Hire influence

Abstract of Key Factors:

Shelter Part: Grew Four.6% YoY in November (slower than Four.eight% in October).

Hire Costs: Accelerated in November to +7.7% (from +7.three% in October).

• Largest will increase:
  • Ontario: +7.Four%
  • Manitoba: +7.9%
  • Nova Scotia: +6.Four%

Mortgage Curiosity Prices: Decelerated for the 15th consecutive month, rising +13.2% (vs. +14.7% in October).

Key Contributors: Hire and mortgage curiosity prices contributed probably the most to the 12-month all-items CPI enhance in November.

Gasoline Value Impression

• 12 months over yr, gasoline costs fell to a lesser extent in November (-Zero.5%) in contrast with October (-Four.Zero%).
• The smaller year-over-year decline was a results of a base-year impact as costs fell three.5% month over month in November 2023.

The value of USDCAD moved decrease after the information with the excessive value at this time stalling just under the 1.4300 degree earlier than the rotation (highest degree since March 2020).

The present value is at present at 1.7274. The excessive value from yesterday reached 1.4270. Shifting under that degree is a small win for the sellers within the quick time period, however solely only a begin. The excessive from Friday and the rising 100 hour MA at 1.4244 and 1.4211 are the place these targets are discovered.

This text was written by Emma Wang at www.ubaidahsan.com.



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