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Data from Bank of Canada. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Bank of Canada Core Inflation YoY held to 1.4% in April 2013
Bank of CanadaMonthlyReleased April 2013
Canada Bank of Canada Core Inflation YoY held to 1.4% in April 2013. The reading matched expectations.
Latest Release
1.4
Actual
1.4
Consensus
1.4
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 RELEASE
Bank of Canada Core Inflation YoY (Canada) was reported at 1.4% in April 2013. This matched the market consensus of 1.4% exactly. The reading was unchanged from the previous release. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include New Housing Price Index MoM (Jun 17) and Retail Sales MoM (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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Bank of Canada Core Inflation YoY - CA
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About Bank of Canada Core Inflation YoY — Canada
DEFINITION
Bank of Canada Core Inflation YoY is a key financial indicator that measures the annual change in the prices of goods and services, excluding volatile items such as food and energy, in Canada. This indicator is closely monitored by economists and policymakers as it provides insight into the overall health of the economy and helps guide monetary policy decisions. A higher Core Inflation YoY suggests rising prices and potential inflationary pressures, while a lower reading indicates a more stable and controlled inflation rate.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual 1.4 %, consensus 1.4 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.