Canada December's CPI plunged to -0.3%; worse than the forecasted reading of -0.1% and the prior reading of 0.5%, while for the year ending December it came in at 1.3%, which is worse than the predicted reading of 1.6% but better than the prior reading of 1.0%.

As for the CPI Core, it plummeted to -0.3%; worse than the forecasted reading of -0.2% and the prior reading of 0.4%, while for the year ending December it came in at 1.5% as the prior reading and worse than the projected 1.7%