Inflation in Canada eased to 0.7% YoY in December. USD/CAD remains weak near 1.2700 ahead of BoC. Inflation in Canada, as measured by the Consumer Price Index (CPI), fell 0.2% MoM in December, data published by Statistics Canada showed this Wednesday. On a yearly basis, the CPI eased to 0.7% as against consensus estimates pointing to a reading of 1%. The readings were well below market expectations. Conversely, the Bank of Canada’s (BoC) Core CPI, which excludes volatile food and energy prices, bettered market expectations and held steady at 1.5% YoY. Market reaction The USD/CAD pair showed little reaction to the mixed inflation report and remained depressed below the 1.2700 mark as market participants await the latest BoC monetary policy decision. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI keeps the upbeat tone near $54.00 ahead of API, Biden FX Street 2 years Inflation in Canada eased to 0.7% YoY in December. USD/CAD remains weak near 1.2700 ahead of BoC. Inflation in Canada, as measured by the Consumer Price Index (CPI), fell 0.2% MoM in December, data published by Statistics Canada showed this Wednesday. On a yearly basis, the CPI eased to 0.7% as against consensus estimates pointing to a reading of 1%. The readings were well below market expectations. Conversely, the Bank of Canada's (BoC) Core CPI, which excludes volatile food and energy prices, bettered market expectations and held steady at 1.5% YoY. Market reaction The USD/CAD pair showed little reaction to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
