Canada - Inflation Data for April:
- CPI: Actual: 2.7% YoY. Forecast 2.7% YoY; previous 2.9% YoY;
- CPI: Actual: 0.5% MoM. Forecast 0.6% MoM; previous 0.6% MoM;
- Median CPI: Actual: 2.6% YoY. Forecast 2.7% YoY; previous 2.8% YoY;
- Trimmed CPI: Actual: 2.9% YoY. Forecast 2.9% YoY; previous 3.1% YoY;
The published report falls close to analysts' expectations with a slight tilt toward a dovish surprise. Expectations for BoC interest rate cuts could theoretically rise after the data reading.