Canada releases CPI today Mads Koefoed, Filed in: 3 numbers to watch 20 August 2010 at 8:02 GMT Non-Independent Investment Research We are treated to Canadian CPI today. Inflation at the consumer level is expected to accelerate to 1.6% (consensus: 1.9%) YoY in July from 1% in June. Core prices are expected to increase a tad to 1.8% (consensus: 1.8%) from 1.7% in the last report. Note that the numbers are not seasonally adjusted, so MoM changes can be volatile. Overall, another bad day for US macro yesterday with initial jobless claims back up to 500K from 488K the week earlier. Disturbingly, claims were counted for the week ending on August 14th, meaning that it was Nonfarm Payrolls survey week. Leading indicators index rose slightly by 0.1% MoM while the Philly Fed index was horrible at -7.7 vs. 7 expected and 5.1 prior. US double dip concerns will dominate on a day where we have no company earnings announcements and only CA CPI to look forward to. Intel’s buy of McAfee could trigger a new wave of M&A and it would be supportive for equities. For now, however, the worry on a possible double dip in the US leads equities for now (and that is down). Tweet Like LinkedIn Share Google+ Previous Next Comments Please sign in to comment or ask the author a question about this article. Recommended Recommend Unrecommend Recommend Tweet Like LinkedIn Share Google+ Related articles Does sovereign default lead to better days? Greece see Argentina! Market Preview - 6 September 2011 Market Preview - 31 August 2011 Market Preview - 26 August 2011 Market Preview - 10 August 2011 Topics This post appears under the following topics... macro equities indices Consumer Price Index