Inflation in Canada rose 1.9% in October as forecasted. CAD recovers modestly against its rivals following the CPI readings. Inflation, as measured by the Consumer Price Index (CPI), in Canada stayed unchanged at 1.9% annually to match September’s reading and the market expectation, the data published by Statistics Canada showed on Wednesday. On a monthly basis, the CPI rose 0.3% after falling 0.4% in September. The Bank of Canada’s (BoC) core CPI, which excludes volatile food and energy prices, came in at 0.4% and 1.9% on a monthly and yearly basis, respectively. With the initial market reaction, the USD/CAD pulled away from daily highs above the 1.33 mark and was last seen trading at 1.3290, adding 0.17% on the day. 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 Bitcoin technical analysis: BTC/USD sellers are knocking on the door of a devastating $8000 break FX Street 3 years Inflation in Canada rose 1.9% in October as forecasted. CAD recovers modestly against its rivals following the CPI readings. Inflation, as measured by the Consumer Price Index (CPI), in Canada stayed unchanged at 1.9% annually to match September's reading and the market expectation, the data published by Statistics Canada showed on Wednesday. On a monthly basis, the CPI rose 0.3% after falling 0.4% in September. The Bank of Canada's (BoC) core CPI, which excludes volatile food and energy prices, came in at 0.4% and 1.9% on a monthly and yearly basis, respectively. With the initial market reaction, the USD/CAD… 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.
