12:33 PM · 20 August 2024

BREAKING: USDCAD ticks higher after CPI reading from Canada

Canada - Inflation Data for July:

Trimmed CPI: Actual: 2.7%; YoY forecast 2.8% YoY; previous 2.9% YoY;
Median CPI: Actual: 2.5% YoY; forecast 2.5% YoY; previous 2.6% YoY;
CPI: Actual: 2.5% YoY; forecast 2.5% YoY; previous 2.7% YoY;
CPI: Actual: 0.4% MoM; forecast 0.4% MoM; previous -0.1% MoM;

Although the data came in almost in line with expectations, the slightly lower readings put pressure on the CAD in the short term. Source: xStation

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