The annual inflation rate in Canada rose to 4.7% in October from 4.4% in September and compared to market forecasts of 4.6%, with base effects from last year still weighing. It was the highest inflation rate since 2003.
On a monthly basis, the CPI rose to 0.7% in October, from 0.2% in the previous month, in line with market forecasts.
USDCAD is testing upper limit of the triangle formation, should break higher occur upward move may accelerate towards resistance level at 1.2600. Source:xStation5
Oil declines under the weight of inventories
Economic Calendar: US PPI, jobless claims and Fed speeches to bring more insight after uneventful CPI (13.08.2026)
Daily Summary: Wall Street Gains After CPI Data 📈 Gold and EURUSD Move Lower
BREAKING: US CPI in line with estimates! EURUSD muted!