CAD CPI MoM has been within a deviation of +/-0.1 for the last six months. We are setting the triggers outside of this range. We also don’t want to see a conflict with CAD CPI YoY.

It’s also important to note that it is released at the same time as USD GDP QoQ. We will be trading USD GDP QoQ, for anyone who is going to trade CAD CPI MoM, we recommend trading it in EUR/CAD as USD/CAD will be influenced by the USD figures.