When is the Canadian consumer inflation (CPI report) and how could it affect USD/CAD? – by hareshmenghani Canada CPI USDCAD Majors Currencies
released by Statistics Canada is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchasing power of CAD is dragged down by inflation. The Bank of Canada aims at an inflation range . Generally speaking, a high reading is seen as anticipatory of a rate hike and is positive for the CAD.
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