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BREAKING: Canada inflation rate slightly below forecasts

1:34 PM 21 April 2021

The annual inflation rate in Canada rose to 2.2% in March from 1,1% in February and slightly below market expectations of 2.3%. Still, it is the steepest inflation rate in a year.  On a monthly basis, consumer prices remain unchanged at 0.5% and below market expectations of 0.6%.

USDCAD pair rose after today's data releases and is heading towards the resistance at 1.2622. Source:xStation5  

 

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