Canada: Inflation to undershoot BOC's Q4 forecast of 7.1% y/y – TDS – by eren_fxstreet Canada Banks Macroeconomics
TD Securities analysts noted that a sufficiently weak growth context in late 2022 and early 2023 might be enough to keep the Bank of Canada on hold in January. Analysts, however, added that the latest inflation data should ever so slightly ratchet up the pressure on the BOC."CPI inflation decelerated slightly to 6.8% y/y in November versus a market consensus estimate of 6.7% y/y, as prices rose 0.1% on month-over-month basis.
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