Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
What’s New About Canadian CPI?

What’s New About Canadian CPI?

Information is not investment advice

What will happen?

Statistics Canada will release Consumer Price Index (CPI) on Wednesday, April 20 at 15:30 MT time. It’s a monthly release, usually published on the third Wednesday of the next month. CPI is the most important inflation-related release due to its earliness and wide coverage. Moreover, it’s one of the few numbers in the calendar that excludes seasonality.

How will it move CAD?

Canada is struggling with inflation, just like other leading countries. Now the inflation is at 5.7%, and the economists suppose it’s not the peak yet. Due to the Russian-Ukrainian conflict, Canada is experiencing obstacles with the supply of goods and commodities. As a result, in February of 2022, the consumers paid higher gasoline and groceries prices than the same month a year earlier. Housing costs continue to rise, increasing at the fastest annual rate since August 1983.

The previous month’s result was slightly higher than expected, 1.0% vs. 0.9%. Due to the high forecasts, the CAD has been steadily growing since March 8. The sustainable growth of the currency means it is not affected much by releases.

How to trade on CAD CPI release?

Even if the previous results might not move the CAD crucially, anything could happen.

  • If the CPI is high, the CAD will rise.
  • If the CPI is depressive, the CAD will fall.

Check the Economic Calendar

Instruments to trade: USDCAD, EURCAD, CADJPY

Similar

Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Popular

Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Choose your payment system

Be on top of your game

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later