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
Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole
🚩 EURUSD loses 0.3%
🗽 Fed chair, Kevin Warsh speech from Jackson Hole
Economic Calendar: All eyes on Kevin Warsh! Will Fed Chair protect his credibility?