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