Canada March CPI +1.4% vs +1.0% m/m expected

• Largest month-over-month gain since 1991
• Prior was +1.0% m/m
• CPI y/y 6.7% vs 6.1% expected
• Prior y/y reading was +5.7%
• Prices rose across all eight major components
• Gasoline prices +39.8% m/m

Core measures y/y:

• Median 3.8% vs 3.5% prior
• Trim 4.7% vs 4.3% prior
• Common 2.8% vs 2.8% expected(prior was 2.7%)
• BOC core 5.5% vs 4.2% expected (prior was 4.8%)
• BOC core +1.0% m/m vs +0.5% expected

The headline inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term rate is the highest in 31 years. USD/CAD CAD The Canadian dollar (CAD) is the official currency of Canada and at the time of writing is the fifth most-held reserve currency in the world behind only the US dollar, euro, Japanese yen, and British pound.The CAD is commonly referred to as the Loonie by forex analysts and traders. At the time of writing, the CAD accounts for 2% of all global currency reserves.Its appeal is strong among central banking authorities given Canada’s economic strength, sovereignty, and historic stability.Originally i The Canadian dollar (CAD) is the official currency of Canada and at the time of writing is the fifth most-held reserve currency in the world behind only the US dollar, euro, Japanese yen, and British pound.The CAD is commonly referred to as the Loonie by forex analysts and traders. At the time of writing, the CAD accounts for 2% of all global currency reserves.Its appeal is strong among central banking authorities given Canada’s economic strength, sovereignty, and historic stability.Originally i Read this Term fell to 1.2520 from 1.2540 on the release. The BOC had already flagged the possibility of another 50 basis point hike last week; this adds to the likelihood it will come to pass. What will be particularly worrisome to them is the broadening of pressures.