Canada March CPI +2.3% y/y vs +2.6% expected ...Middle East

Prior month 2.6%CPI m/m +0.3% versus +0.6% expected. Prior month +1.1%Core CPI m/m +0.1% versus +0.7% last monthCore CPI y/y +2.2% versus 2.7% last monthCPI Median y/y 2.9% versus 3.0% estimate. Last month 2.9%CPI Trim 2.8% versus 3.0% expected Last month 2.9%CPI Common 2.3% versus 2.5% last month

Macklem signalled that they were going to be more-patient in cutting rates but this data point gives them the greenlight to cut or signal that a cut will be coming in June.

This article was written by Adam Button at www.forexlive.com.

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