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Data from Bank of Canada. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Bank of Canada Core Inflation MoM fell to 0.2% in April 2013
Bank of CanadaMonthlyReleased April 2013
Canada Bank of Canada Core Inflation MoM fell to 0.2% in April 2013, down 0.5% from March's 0.7% reading. The print came in cooler than the 0.3% consensus, a softer print than forecasters anticipated.
Latest Release
0.2
Actual
0.3
Consensus
0.7
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The April 2013 reading fell from the previous value of 0.7. Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD) and positively correlated with CAD/JPY (Bullish CAD).
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Bank of Canada Core Inflation MoM - CA
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