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
Economic calendar: Eurozone CPI and central bankers speeches in focus
Morning wrap (03.03.2026)
BREAKING: US Manufacturing data above expectations! 📈🏭
BREAKING: Euro area manufacturing PMIs for February broadly confirmed a return to modest expansion