1:36 PM · 17 November 2021

BREAKING: Canada inflation rate highest since February 2003

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

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