1:33 PM · 16 July 2024

BREAKING: USDCAD gains after mixed Canadian inflation data and strong US retail sales

Inflation CPI in Canada (June): 2.7% YoY vs 2.7% exp, and 2.9% previously (-0.1% MoM vs exp. 0.1% MoM and 0.6% previously)

Canadian Core CPI MoM Actual 0.1% (Forecast -, Previous 0.3%)

Canadian CPI (Trim) came in 2.9% YoY vs 2.8% exp. and 2.9% previously
Canadian CPI (Median) came in 2.6% YoY vs 2.7% exp. and 2.8% previously
BoC Core CPI came in 1.9% YoY vs 1.8% previously (-0.1% MoM vs 0.6% previously
Canadian CPI Common came in 2.3% vs 2.4% previously

House Starts in Canada (June) came in 241.7k vs 254.1k exp. and 264.5k previously

USDCAD gains after quite mixed Canadian inflation data and strong retail sales report from the US.

Source: xStation5

Source: Statisitcs Canada, Bloomberg Finance L.P. , XTB Research

14 July 2026, 6:34 PM

Daily Summary: Lower inflation weakens the dollar and awakens gold and S&P 500 to gains

14 July 2026, 4:10 PM

Fed Chair Kevin Warsh’s Q&A from Congress Testimony: Inflation stability is a key

14 July 2026, 3:02 PM

Dollar sells-off following first US price drop in six years

14 July 2026, 2:51 PM

Warsh's Address to Congress: Zero Tolerance for Inflation, But No Change in Interest Rates?

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