According to Jinshi Data, Doug Porter, chief economist of Bank of Montreal Capital Markets, said that the November CPI data was a shock to the Bank of Canada. The short-term core CPI showed that potential price pressures increased, but the overall CPI slowed to 1.9%. The core CPI in the fourth quarter will be close to the average level of 2.65%, higher than the central bank's forecast of 2.3%. The weakening Canadian dollar may push up prices, and the Bank of Canada may cut interest rates by 25 basis points when appropriate.