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November 13, 2026 7:54 PM UTC
We expect Q3 Canadian GDP to increase by 1.3% annualized, consistent with the signals from monthly data assuming a 0.1% decline in September as suggested with August’s report. However, quarterly detail is likely to show a healthy picture outside a steeper inventory depletion.
November 13, 2026 5:30 PM UTC
Dollar emerges on top, but at these levels, complications remain - especially over yen crosses amid uncertain intervention
Medium-term dollar up channel remains live; positioning is a consideration now, as euro shorts may approach 2015 highs
Stepping back from current and YTD action, already worth als
November 13, 2026 4:52 PM UTC
We expect September Canadian CPI to increase to 3.3% yr/yr in October from 3.1%, and to 3.27% from 3.09% before rounding. This would be the highest since December 2023. Energy will lead the increase, though we expect a marginal pick-up in CPI-Median, one of the Bank of Canada’s three core rates.
November 13, 2026 2:05 PM UTC
Overall October PPI is slightly softer than expected at 0.3% with a matching increase ex food and energy, this on consensus. However a 0.5% increase ex food, energy and trade suggests underlying strength, above what is acceptable to the Fed, persists.

November 13, 2026 2:04 PM UTC
Overall October PPI is slightly softer than expected at 0.3% with a matching increase ex food and energy, this on consensus. However a 0.5% increase ex food, energy and trade suggests underlying strength, above what is acceptable to the Fed, persists.