Annual CPI comes in higher than expected in Canada. USD/CAD drops sharply to 1.3250 area after data. According to the inflation report published by Statistics Canada, the annual Consumer Price Index (CPI) in July stayed unchanged at 2% to beat the market expectation of 1.7%. Following June’s decline of 0.2%, monthly CPI arrived at +0.5% on a monthly basis in July. Additionally, the Bank of Canada’s core CPI, which excludes volatile food and energy prices, came in at 2% on a yearly basis in July to fall short of analysts’ estimate of 2.3%. With the initial market reaction, the Loonie gathered strength against its major peers and the USD/CAD pair dropped to a daily low of 1.3255. 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 FOMC: Policy divide over the future path of policy likely to surface – TD Securities FX Street 4 years Annual CPI comes in higher than expected in Canada. USD/CAD drops sharply to 1.3250 area after data. According to the inflation report published by Statistics Canada, the annual Consumer Price Index (CPI) in July stayed unchanged at 2% to beat the market expectation of 1.7%. Following June's decline of 0.2%, monthly CPI arrived at +0.5% on a monthly basis in July. Additionally, the Bank of Canada's core CPI, which excludes volatile food and energy prices, came in at 2% on a yearly basis in July to fall short of analysts' estimate of 2.3%. With the initial market reaction, the Loonie… 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.
