BREAKING: USDCAD ticks higher after inflation data from Canada 💡

01:30 PM BST, Canada - Inflation Data for August:

Canada CPI NSA (M/M) Aug: -0.1% (est 0.0%; prev 0.3%)
CPI (Y/Y): 1.9% (est 2.0%; prev 1.7%)
CPI Core - Median (Y/Y): 3.1% (est 3.1%; prev 3.1%)
CPI Core - Trim (Y/Y): 3.0% (est 3.0%; prev 3.0%; prev R 3.1%)

The Consumer Price Index (CPI) rose 1.9% on a year-over-year basis in August, up from a 1.7% increase in July. Gasoline prices fell to a lesser extent year over year in August (-12.7%) than in July (-16.1%), leading to faster growth in headline inflation. Excluding gasoline, the CPI rose 2.4% in August, after increasing 2.5% in each of the previous three months.

Moderating the acceleration in the all-items CPI were lower prices for travel tours and fresh fruit compared with July.

The CPI decreased 0.1% month over month in August. On a seasonally adjusted monthly basis, the CPI was up 0.2%.

Despite a higher reading for August, inflation is below expectations and, more importantly, down on a monthly basis. This increases the chances of a cut by the Bank of Canada tomorrow. Nevertheless, the US dollar is being heavily sold off today ahead of the Fed's decision. Good data from the US and weaker data from Canada are causing a slight rebound in USDCAD, but on a daily basis, the pair is still extending yesterday's strong pullback.

10 October 2025, 3:02 PM

BREAKING: Preliminary UoM data in line with expectations 📌

10 October 2025, 1:31 PM

BREAKING: USDCAD slips following Canadian employment data 📌

10 October 2025, 9:16 AM

Italian industrial production much weaker than expected 📉

10 October 2025, 7:35 AM

Economic calendar: US consumers data from University of Michigan report in focus

economic reports

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

BREAKING: USDCAD ticks higher after inflation data from Canada 💡

Join over 1 700 000 XTB Group Clients from around the world