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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Consumer Price Index - Core MoM fell to 0.0% in April 2013
FMPMonthlyReleased May 2013
Canada Consumer Price Index - Core MoM fell to 0.0% in April 2013, released May 2013, down 0.3% from March's 0.3% reading.
Latest Release
0.000000
Actual
—
Consensus
0.300000
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
Consumer Price Index - Core MoM (Canada) was reported at 0% in April 2013. The reading fell from the previous value of 0.3%.
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 Current Account (May 28) and Financial Stability Report (May 28).
Auto-generated from current model state · Refreshes on each release · Last update May 2013.
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Consumer Price Index - Core MoM - CA
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About Consumer Price Index - Core MoM — Canada
DEFINITION
The Consumer Price Index - Core MoM is a widely used financial indicator that measures the change in the prices of goods and services purchased by consumers on a monthly basis, excluding volatile food and energy prices. This indicator provides valuable insights into the overall inflationary trends and helps businesses and policymakers make informed decisions regarding pricing and economic policies. It is considered a key measure of consumer spending and can impact financial markets and the economy as a whole.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2013): actual 0 %. Prior reading (May 2013): 0 %. Before that (May 2013): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.