| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 09:00 | Eurozone | Current account, adjusted, bln | September | 35.4 | 27.1 | 37 |
| 10:00 | Eurozone | Harmonized CPI, Y/Y | October | 1.7% | 2% | 2% |
| 10:00 | Eurozone | Harmonized CPI ex EFAT, Y/Y | October | 2.7% | 2.7% | 2.7% |
| 10:00 | Eurozone | Harmonized CPI | October | -0.1% | 0.3% | 0.3% |
CAD traded mixed against other major currencies in the European session on Tuesday as investors waited for the release of Canada’s consumer price index (CPI) data for October later in the day (13:30 GMT).
The Canadian dollar rose versus GBP, EUR, and AUD, fell versus JPY, and changed little versus USD and CHF.
Economists expect the release will reveal that the headline CPI increased 1.9% YoY last month, accelerating from 1.6% YoY in September. Meanwhile, the core gauge - trimmed-mean CPI - is anticipated to show a 2.4% YoY rise, unchanged from the previous month.
As the last CPI report before the Bank of Canada’s December 11 meeting, today’s data - along with GDP growth figures due on November 29 and the November jobs report due on December 6 - are seen to be crucial for the BoC’s final rate decision this year.
Ahead of the data, markets are split on whether the Canadian central bank’s policymakers will cut interest rates by 25 or 50 basis points next month.