The inflation data for Canada corresponding to the month of September showed figures mostly in line with expectations. He Consumer’s price index fell 0.1% in September, in line with the market consensus. The annual rate rose from 0.1% to 0.5%, beating the expected 0.4%.
The underlying index, the Bank of Canada’s CPI climbed 0.1%, similar to analysts’ expectations, taking the annual rate from 0.8% to 1%.
At the same time, the retail sales report was also published. The loonie appreciated on the reports, sending USD / CAD toward 1.3100.
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Credits: Forex Street
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