Bear by name, bearish by nature
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Canadian Sept Y/Y Inflation Seen Ticking Down
Statistics Canada will release the September Consumer Price Index data on Friday morning. Ahead of the release, we highlight five themes for particular attention: --STILL ABOVE TARGET Analysts in a MNI survey expect CPI inflation to edge up 0.1% in September, for an annual rate of 2.7% in September, marking the second consecutive 12-month slowdown in the year/year measure after reaching 2.8% in August and 3.0% in July. That would still leave the annual rate above the Bank of Canada's 2.0% mid-range target, but would make its narrative easier as it expects the total inflation rate to ease back toward 2.0% in early ... (full story)