Previous Trading Days Events 16 Jan 2024

Canadas inflation moves higher as expected in December. Annual inflation rose to 3.4 in December from 3.1 in November, Statistics Canada said. The Bank of Canadas BoCs core measures of underlying inflation, CPItrim and CPImedian, accelerated, with the threemonth annualised rate of the two rising to 3.6 from an upwardly revised 2.9 in the prior month.

The stickiness in these core measures of inflation comes as a disappointment to Canadians hoping to see enough progress today to open the door to rate cuts, Mendes said.

The annual inflation rate was largely driven by higher gasoline prices compared with the same period a year ago.

The acceleration of core inflation speaks to the fact that the Bank of Canada still has some progress that they need to see in order to consider lowering interest rates, said Andrew Kelvin, chief Canada strategist at TD Securities.

Source httpswww.reuters.commarketscanadasinflationrises34decmeetingexpectations20240116

Winners vs Losers

The USD strengthened quite significantly yesterday. USDJPY is on the top of the weeks list with 2.12 gains so far and 4.86 performance for the month.

News Reports Monitor Previous Trading Day 16 Jan 2024

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Midnight Night Session Asian

No important news announcements, no special scheduled releases.

MorningDay Session European and N. American Session

The U.K. reported 11.7K more people claiming…