Non-headline news explains a significant portion of asset price changes https://www.bankofcanada.ca/?p=202485 Inflation_Headline only Average R² Inflation_Headline and non-headline Average R² Retail sales_Headline only Average R² Retail sales_Headline and non-headline Average R² GDP_Headline only Average R² GDP_Headline and non-headline Average R² Employment_Headline only Average R² Employment_Headline and non-headline Average R² 23.750059.000010.500051.250020.750066.250031.250060.7500