Annual core inflation in Canada ticked up to 1.8% as expected. USD/CAD pair continues to trade in the negative territory. Inflation in Canada, as measured by the Consumer Price Index (CPI), in January rose to 2.4% from 2.2% in December on a yearly basis, the data published by Statistics Canada showed on Wednesday. This reading came in higher than the market expectation of 2.3%. On a monthly basis, the CPI rose 0.3% after staying unchanged in December. Additionally, the Bank of Canada’s (BoC) annual core CPI, which excludes food and energy prices, ticked up to 1.8% in the same period as expected and rose 0.4% on a monthly basis. USD/CAD stays in red The market reaction to this data was muted and the USD/CAD pair was last seen trading at 1.3223, down 0.25% on a daily basis. 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 Binance Coin grinds higher as CoinFlip adds BNB support FX Street 2 years Annual core inflation in Canada ticked up to 1.8% as expected. USD/CAD pair continues to trade in the negative territory. Inflation in Canada, as measured by the Consumer Price Index (CPI), in January rose to 2.4% from 2.2% in December on a yearly basis, the data published by Statistics Canada showed on Wednesday. This reading came in higher than the market expectation of 2.3%. On a monthly basis, the CPI rose 0.3% after staying unchanged in December. Additionally, the Bank of Canada's (BoC) annual core CPI, which excludes food and energy prices, ticked up to 1.8% in the same period as expected and… 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.
