Canadian dollar lower ahead of CPI data release
Market expectations are for Canadian core CPI to post 0.3% month-on-month, and for CPI to push to 1% from it's previous level of 0.5%.
The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. CADJPY 92.47 -0.63% USDCAD 1.0189 0.28% EURCAD 1.3021 -0.17% GBPCAD 1.5392 -0.12% CADCHF 0.9349 0.11% AUDCAD 1.0634 -0.07% NZDCAD 0.851 -0.04%
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