2:32 PM · 21 November 2023

BREAKING: CAD gains slightly after Canada's CPI report

1:30 pm GMT - Canada, CPI inflation for October. Actual: 3.1% YoY. Expected: 3.2% YoY. Previous: 3.8% YoY

CPI MoM. Actual: 0.1% MoM. Expected: 0.1% MoM. Previous: -0.1% MoM

Core CPI YoY. Actual: 2.7% YoY. Previous: 2.8% YoY

Core CPI MoM. Actual: 0.3% MoM. Previous: -0.1% MoM

YoY data is a softer than expected but MoM core reading surprises to the upside. The USDCAD remains lower on the day and trades just above 1.3700.

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