Based on the last 12 Inflation Rate YoY events in Canada, NIY could trend upwards 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 upwards 2 hours following the event release at 20 Apr 12:30.

Historical events that allowed us to draw this conclusion

16 Mar 12:30

20 Oct 12:30

15 Sep 12:30

18 Aug 12:30

16 Jun 12:30