High importanceCACAD · Inflation · 19 Oct 2026 · 08:30 ET · in 2 d

Canada inflation rate, year on year (Sep)

Mon 19 October · 08:30 ET · in 2 d. Change in the general price level.

Forecast
3.2%
Previous
3%
Actual
Due 08:30 ET

Below 3.1%In line 3.1% to 3.3%Above 3.3%

▏Forecast 3.2%○ Previous 3%

The levelsMeasured from its last 12 prints

BelowBelow 3.1%CAD down
USD/CAD up CAD/JPY down
In line3.1% to 3.3%Limited follow-through
AboveAbove 3.3%CAD up
USD/CAD down CAD/JPY up

In line is the forecast ± how far this series usually lands from it (median miss 0.1%). Above or below that is a genuine surprise. CAD up or down is the playbook’s mapping for this release; the pairs show how each quote moves when CAD does. Arithmetic, not a forecast.

Its own historyLast 12 prints vs the forecast before each: 4 above · 1 in line · 7 below

1.58%2.06%2.55%3.04%3.52%Oct ’25Dec ’25Feb ’26Apr ’26Jun ’26Aug ’26Sep (next)

— Forecast before the print● Actual▮ Next release: in-line range

Release history

ReleasedPeriodForecastActualPosition
14 Sep 2026Aug3%3%In line with forecast
17 Aug 2026Jul2.9%3%Above forecast
20 Jul 2026Jun2.9%2.8%Below forecast
22 Jun 2026May3%3.2%Above forecast
19 May 2026Apr3.1%2.8%Below forecast
20 Apr 2026Mar2.5%2.4%Below forecast
16 Mar 2026Feb1.9%1.8%Below forecast
17 Feb 2026Jan2.4%2.3%Below forecast
19 Jan 2026Dec2.2%2.4%Above forecast
15 Dec 2025Nov2.3%2.2%Below forecast
17 Nov 2025Oct2.4%2.2%Below forecast
21 Oct 2025Sep2.3%2.4%Above forecast

What moved

After it prints: USD/CAD and CAD/JPY from the hour before to the hour after, from 1-hour bars.