At 14:30 (GMT+2), Canada will release its consumer price index data for September. It is the main indicator of inflation in the country and determines the change in the level of retail prices for a particular basket of goods and services: food, transportation, utilities, healthcare, etc. It has a significant impact on monetary policy decisions. The Consumer Price Index is expected to remain at –0.1% on a monthly basis and rise from 1.9% to 2.2% on an annual basis. The realization of the forecast will increase the likelihood of further monetary easing by the Bank of Canada and could put pressure on the position of the national currency.
