BREAKING: Canada inflation rate highest since March 2003

The annual inflation rate in Canada roseto 4.1% in August from 3.7% in July and compared to market forecasts of 3.9%, with base effects from last year still weighing. It was the highest inflation rate since March of 2003, with the increase in prices mainly stemming from an accumulation of recent price pressures and from lower price levels in 2020. Excluding gasoline, the CPI rose 3.2%, up from 2.8% in July. On a monthly basis, the CPI rose 0.2% in August, slightly above forecasts of a 0.1% rise.

USDCAD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.2680 level. Source: xStation5

20 August 2026, 11:10 AM

💵EURUSD tests 1.17 due to Bessent

20 August 2026, 10:11 AM

Chart of the Day: USDJPY Falls Ahead of a Key Test for the Yen (20.08.2026)

20 August 2026, 9:12 AM

Economic Calendar: FOMC Minutes Out, PMIs and Japanese Inflation Ahead (20.08.2026)

19 August 2026, 7:14 PM

Daily Summary: Bessent Shakes the Market – Dollar Down Sharply, Gold Up 3.5% (19.08.2026)

Economic reports

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