Based on the last 12 Inflation Rate YoY events in Canada, NIY could trend downwards later today. Based on these past events there is a 71.43% chance of this. If the released value is > 6.1% we could see NIY trend downwards 48 hours following the event release at 20 Apr 12:30.
Historical events that allowed us to draw this conclusion
16 Feb 13:30 |
20 Oct 12:30 |
15 Sep 12:30 |
18 Aug 12:30 |
16 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
