Canada’s consumer price index fell by 0.1%, while expectations stood on a rise of the same scale. YoY, prices are rising only 1.3%, weaker than 1.3% that was expected. Core CPI also dropped by 0.1$, falling short of the same expectations of a 0.2% rise. YoY, the rise is only 1.7%, weaker than 2%. USD/CAD reacts with a rise, but the 0.99 line serves as strong resistance. The Canadian dollar made nice gains against the US dollar earlier in the week: USD/CAD fell to 0.9859. Support is at 0.9840, as explained in the USDCAD prediction. The Bank of Canada has been relatively hawkish in recent statements, and is discussing rate hikes and even “full employment” in the future. The fall of core inflation below 2% and the recent weak employment figures weigh on the loonie. On the other hand, the highly regarded Ivey PMI showed a significant improvement, and rose to 58.8 points in a report published earlier in the month. However, oil prices are definitely supportive of the Canadian dollar. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Finnish Euro Exit: ESM Seniority could be the Breaking Yohay Elam 10 years Canada's consumer price index fell by 0.1%, while expectations stood on a rise of the same scale. YoY, prices are rising only 1.3%, weaker than 1.3% that was expected. Core CPI also dropped by 0.1$, falling short of the same expectations of a 0.2% rise. YoY, the rise is only 1.7%, weaker than 2%. USD/CAD reacts with a rise, but the 0.99 line serves as strong resistance. The Canadian dollar made nice gains against the US dollar earlier in the week: USD/CAD fell to 0.9859. Support is at 0.9840, as explained in the USDCAD prediction. The Bank of Canada has… 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.