BREAKING: Canadian CPI slightly higher than expected. USDCAD reacts

Canadian CPI YoY: 1.7% (Forecast 1.7%, Previous 1.7%)

MoM: 0.6% vs 0.5% exp. and -0.1% previously

USDCAD strengthened at 12 PM GMT and after slightly hotter monthly Canadian CPI reading at 12:30 PM GMT, the pair still holds its gains. However, the pair weakened minutes after the data release.

Source: xStation5

5 March 2026, 12:46

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Chart of the day: EURUSD fights to defend key support before ECB minutes 💶 🇪🇺 (05.03.2026)

5 March 2026, 10:30

Markets attempt to rally on positive news from Iran

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Economic calendar: Central banks vs global risks to inflation (05.03.2026)

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