Inflation in Canada rose at a stronger pace than expected in November. USD/CAD clings to daily gains around mid-1.2700s after the data. Inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 1% in November from 0.9% in October, the data published by Statistics Canada showed on Wednesday. On a yearly basis, the CPI edged higher to 1% from 0.7% and came in higher than the market expectation of 0.8%. Meanwhile, the Bank of Canada’s Core CPI, which excludes volatile food and energy prices, rose to 1.5% on a yearly basis from 1% in October. Market reaction The USD/CAD pair showed no immediate reaction to this report and was last seen gaining 0.42% on a daily basis at 1.2750. 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 EUR/USD eases from multi-year tops, still well bid around 1.2180 post-US data FX Street 2 years Inflation in Canada rose at a stronger pace than expected in November. USD/CAD clings to daily gains around mid-1.2700s after the data. Inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 1% in November from 0.9% in October, the data published by Statistics Canada showed on Wednesday. On a yearly basis, the CPI edged higher to 1% from 0.7% and came in higher than the market expectation of 0.8%. Meanwhile, the Bank of Canada's Core CPI, which excludes volatile food and energy prices, rose to 1.5% on a yearly basis from 1% in October. Market reaction The… 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.
