Canada’s annual inflation rate decreased to 3.1% in June from 3.6 % in May and was below market expectations of a 3.2% rise.
Core measures (y/y):
- Median 2.4% vs 2.3% exp (prior 2.4%)
- Common 1.7% vs 1.9% exp (prior 1.8%)
- Trim 2.6% vs 2.6% exp (prior 2.7%)
USDCAD bounced off the 50 SMA (green line) after today's inflation data releases and is heading towards resistance level at 1.2607. Source:xStation5
Economic calendar: inflation from Canada and GDP from Switzerland 🔎
Morning wrap (17.11.2025)
Daily summary: Wall Street tries to stop the sell-off 📌Gold down 1.8%, Bitcoin loses 4.5%
BREAKING: Canadian Wholesale & Manufacturing Sales higher than expected 📊USDCAD reacts