Canada CPI preview
Canada CPI preview: analysts expect CPI, due today, to climb 0.5% in February (m/m, nsa) after the 0.1% rise in January, boosted by stronger gasoline prices and seasonal strength in February's CPI. Total CPI is projected to expand at a 1.4% y/y pace (nsa) in February, matching the 1.4% clip in January. The core CPI measures are anticipated to continue run at 1.8%, or just under the BoC's 2.0% mid-point. The month of February displays some of the strongest month comparable seasonal gains of they year. Gasoline prices were firmer in February, rising 4.0% compared to January. Mortgage costs are likely to have firmed further and analysts expect the usual bounce in travel service prices. The airfare component is the usual wildcard. View the preview.