BREAKING: USDCAD dips after Canadian CPI data

01:30 PM GMT, Canada - Inflation Data for November:

Trimmed CPI: actual 2.7% YoY; forecast 2.6% YoY; previous 2.6% YoY;
CPI: actual 0.0% MoM; forecast 0.1% MoM; previous 0.4% MoM;
CPI: actual 1.9% YoY; forecast 2.0% YoY; previous 2.0% YoY;

Canadian inflation unexpectedly eased to 1.9% year-over-year in November from 2.0% in October, falling below analysts' forecasts. The monthly Consumer Price Index (CPI) was flat at 0.0%, missing expectations of a 0.1% increase.

The Bank of Canada's core inflation measures remained steady, with CPI-trim at 2.7% and CPI-median at 2.6%. The deceleration in headline inflation was primarily driven by lower travel tour prices and slower growth in mortgage interest costs, which rose 13.2% compared to 14.7% in October.

Food inflation moderated slightly to 2.6% from 2.7%, while gasoline prices declined 0.5%. Excluding food and energy, core prices increased 1.9%, down from 2.3% in October. This data comes as the BoC has already cut rates by 175 basis points since June, with Governor Macklem recently signaling a more gradual approach to future rate cuts.

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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.

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BREAKING: USDCAD dips after Canadian CPI data

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