BREAKING: USDCAD gains after mixed Canadian inflation data and strong US retail sales

13:33 16 July 2024

Inflation CPI in Canada (June): 2.7% YoY vs 2.7% exp, and 2.9% previously (-0.1% MoM vs exp. 0.1% MoM and 0.6% previously)

Canadian Core CPI MoM Actual 0.1% (Forecast -, Previous 0.3%)

  • Canadian CPI (Trim) came in 2.9% YoY vs 2.8% exp. and 2.9% previously
  • Canadian CPI (Median) came in 2.6% YoY vs 2.7% exp. and 2.8% previously
  • BoC Core CPI came in 1.9% YoY vs 1.8% previously (-0.1% MoM vs 0.6% previously
  • Canadian CPI Common came in 2.3% vs 2.4% previously

House Starts in Canada (June) came in 241.7k vs 254.1k exp. and 264.5k previously

USDCAD gains after quite mixed Canadian inflation data and strong retail sales report from the US.

Source: xStation5

Source: Statisitcs Canada, Bloomberg Finance L.P. , XTB Research

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 1.6 Million investors from around the world