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.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
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
