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We expect YM to trend downwards today with a 66.67% chance.

Based on the last 12 Inflation Rate YoY events in Canada, YM could trend downwards later today. Based on these past events there is a 66.67% chance of this. If the released value is = 7.4% we could see YM trend downwards 48 hours following the event release at 22 Jun 12:30.

Historical events that allowed us to draw this conclusion

19 Jan 13:30
17 Nov 13:30

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

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