In Canada, the Core Inflation Rate MoM measures the percentage change in consumer prices, excluding selected volatile components, compared with the previous month. This indicator provides insight into underlying inflationary pressures and is closely monitored by policymakers and economists to gauge inflation trends and potential impacts on monetary policy.
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.