Date
GMT+01:00
Event
Jun, 23 13:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Jun, 23 13:30
Importance: High
Previous: 0.4% m/m; 1.6% y/y
Forecast: 0.2% m/m; 1.5% y/y
Actual: -
Period: May

The key gauge for inflation in Canada. Simply put, inflation reflects a decline in the purchasing power of the Canadian Dollar, meaning each Dollar buys fewer goods and services. CPI is the most obvious way to measure changes in purchasing power - the report tracks changes in the price of a basket of goods and services that a typical Canadian household might purchase. An increase in the index indicates that it takes more Dollars to purchase this same set of basic consumer items.

As the most important indicator of inflation in Canada , Consumer Price figures are closely followed by Canada 's central bank. The Bank of Canada has a target inflation band of 1 - 3 % and uses CPI and Core CPI as its principle gauge (the Bank of Canada posts inflation targets and CPI on their homepage). A rising CPI may prompt the central bank to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Dollar more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Dollar.

Jun, 23 13:30
★★★
Consumer Price Index Core
Consumer Price Index Core
Country:
Date: Jun, 23 13:30
Importance: High
Previous: 0.0% m/m; 1.1% y/y
Forecast: -
Actual: -
Period: May

CPI Excluding Core Eight

The Consumer Price Index excluding eight items which the Bank of Canada has deemed to have the most volatility from month to month. The goods omitted tend to fluctuate idiosyncratically and may distort CPI data. The headline figure for CPI is the percentage change in the index on a month to month and year to year basis.

Note : These Eight items include: fruit, vegetables, gasoline, fuel oil, natural gas, mortgage interest, inter-city transportation and tobacco products. Changes in the CPI Excluding the Core 8 are recognized as a better indicator of inflation than the regular CPI. The headline figure is reported as a percent change on both the month to month and year to year basis.

Jun, 23 13:30
★★
Common Core CPI
Common Core CPI
Country:
Date: Jun, 23 13:30
Importance: Medium
Previous: 1.3% y/y
Forecast: 1.4% y/y
Actual: -
Period: May
The Common calculation helps expose the underlying inflation trend through filtering out price movements that might be caused by factors specific to certain components. Source first released in Dec 2016. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
Jun, 23 13:30
★★
Median Core CPI
Median Core CPI
Country:
Date: Jun, 23 13:30
Importance: Medium
Previous: 1.6% y/y
Forecast: -
Actual: -
Period: May
The Median calculation helps expose the underlying inflation trend through exclusion of extreme price movements specific to certain components. Source first released in Dec 2016. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
Jun, 23 13:30
★★
Trimmed Core CPI
Trimmed Core CPI
Country:
Date: Jun, 23 13:30
Importance: Medium
Previous: 1.3% y/y
Forecast: -
Actual: -
Period: May
Change in the price of goods and services purchased by consumers, excluding 40% of components with extreme price movements. The Trimmed Mean calculation helps expose the underlying inflation trend through component weighting and anomaly exclusion. Source first released in Dec 2016. Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
Jun, 23 14:00
NBB Business Climate
NBB Business Climate
Country:
Date: Jun, 23 14:00
Importance: Low
Previous: -1.1
Forecast: -0.8
Actual: -
Period: Jun

Level of a composite index based on surveyed manufacturers, builders, services and trade-related firms.It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

Jun, 23 14:45
Flash Composite PMI
Flash Composite PMI
Country:
Date: Jun, 23 14:45
Importance: Low
Previous: 53.6
Forecast: -
Actual: -
Period: Jun
An index level of 50 denotes no change since the previous month, while a level above 50 signals an increase or improvement, and below 50 indicates a decrease or deterioration.
Jun, 23 14:45
Flash Services PMI
Flash Services PMI
Country:
Date: Jun, 23 14:45
Importance: Low
Previous: 53.6
Forecast: 53.9
Actual: -
Period: Jun
The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels and restaurants. An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
Jun, 23 14:45
★★
Flash Manufacturing PMI
Flash Manufacturing PMI
Country:
Date: Jun, 23 14:45
Importance: Medium
Previous: 52.7
Forecast: 53.1
Actual: -
Period: Jun
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Survey of about 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Above 50.0 indicates industry expansion, below indicates contraction. There are 2 versions of this report released about a week apart – Flash and Final. The Flash release, which the source first reported in May 2012, is the earliest and thus tends to have the most impact.
Jun, 23 15:00
★★
New Home Sales
New Home Sales
Country:
Date: Jun, 23 15:00
Importance: Medium
Previous: 569K; -11.4% m/m
Forecast: 599K; 4.2% m/m
Actual: -
Period: May

Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

The report headline is the total amount of properties sold.

Jun, 23 16:15
FOMC Member James Bullard Speaks
FOMC Member James Bullard Speaks
Country:
Date: Jun, 23 16:15
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: Jun
James Bullard is the chief executive officer and 12th president of the Federal Reserve Bank of St. Louis, positions he has held since 2008. He is currently serving a term that began on March 1, 2011. In 2014, he was named the 7th most influential economist in the world.
Jun, 23 17:40
FOMC Member Loretta Mester Speaks
FOMC Member Loretta Mester Speaks
Country:
Date: Jun, 23 17:40
Importance: Low
Previous: -
Forecast: -
Actual: -
Period: Jun
Federal Reserve Bank of Cleveland President Loretta Mester. Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy.
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