CAD sees little reaction to Canadian PPI inflation data

12:35 PM March 17, 2023

Producer prices in Canada went down to -0.8% MoM in February,  from 0.4% in January and against market expectations of a 0.4% rise. On an annual basis PPI dropped to 1.4% from 5.4% in previous month.

USDCAD saw relatively small reaction to today’s data PPI release. Currency pair continued to trade above 1.3700 level. Source: xStation5

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