BREAKING: CAD muted as Canada CPI inflation accelerates to 8.10 % YoY in June

13:35 20 July 2022

Canada’s annual inflation rose to  8.10% YoY in June from 7.7% in May , the highest since January 1983, however below market expectations of 8.4%.

Core consumer prices in Canada increased to record 6.20% in June form 6.1% YoY in May, below analysts forecasts of 6.7%.

USDCAD saw relatively small reaction to today’s data release. The most popular currency pair continued to trade around 1.2885 level. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

Join over 1.4 Million investors from around the world