In Canada, the CPI Trimmed-Mean YoY measures the percentage change in consumer prices, excluding selected volatile components, compared with the same period one year earlier. By filtering out extreme price movements, this measure provides a clearer view of underlying inflationary pressures, making it useful for economic analysis and monetary policy considerations.
A higher than expected figure should be seen as positive (bullish) for the CAD while a lower than expected figure should be seen as negative (bearish) for the CAD.
Source: Bank of Canada