1:33 PM · 24 June 2025

BREAKING: Canadian CPI slightly higher than expected. USDCAD reacts

Canadian CPI YoY: 1.7% (Forecast 1.7%, Previous 1.7%)

MoM: 0.6% vs 0.5% exp. and -0.1% previously

USDCAD strengthened at 12 PM GMT and after slightly hotter monthly Canadian CPI reading at 12:30 PM GMT, the pair still holds its gains. However, the pair weakened minutes after the data release.

Source: xStation5

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