We expect CL to trend downwards right now.

Based on the last 12 Inflation Rate YoY events in Canada, we expect CL to trend downwards right now. Based on these past events there is a 66.67% chance of this. We expect CL to trend downwards for the next 2 hours because the released value is = 1.9%. A price movement of 41 pips is expected.

Historical events that allowed us to draw this conclusion

17 Jul 12:30
17 Apr 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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