Non-headline news has a bigger impact on asset prices https://www.banqueducanada.ca/?p=202488 Inflation_Headline 2-year rolling R² with headline surprises only Inflation_Non-headline 2-year rolling R² with headline surprises only Retail sales_Headline 2-year rolling R² with headline surprises only Retail sales_Non-headline 2-year rolling R² with headline surprises only GDP_Headline 2-year rolling R² with headline surprises only GDP_Non-headline 2-year rolling R² with headline surprises only Employment_Headline 2-year rolling R² with headline surprises only Employment_Non-headline 2-year rolling R² with headline surprises only 0.48500.59750.32500.61500.44750.66500.53250.5150