Canadian CPI, BoC average (Jan): 2.53%
Newsquawk Staff ·
Canadian CPI, BoC average (Jan): 2.53%.
What it means
The Canadian CPI indicates an average inflation rate of 2.53% for January, suggesting that inflation remains within the Bank of Canada's target range but is creeping towards the upper threshold. This data is significant as it could influence the BoC's monetary policy decisions, particularly regarding interest rates, and may impact both the CAD and fixed income markets. Market participants will be assessing whether this print confirms the existing inflation trend or signals a shift that could affect growth outlook and policy direction.
- BoC Deputy Governor Rogers says uncertainty over the economy is hanging over the Canadian housing market
- BoC Governor Macklem says Canada is seeing increased investment in the energy sector; policy rate remains low enough not to restrain economic growth, even after the latest hike
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- BoC MPR: Raises 2026 GDP forecast to 1.0% from 0.7%, 2027 and 2028 GDP raised to 2.0% from 1.8%
- Canadian BoC Interest Rate Decision 2.5% vs. Exp. 2.5% (Prev. 2.25%)
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