Canada’s CPI & Retail Sales

Canada’s CPI & Retail Sales

Canada will release CPI and retail sales figures at 15:30 MT time on October 20. 
Recent economic figures from Canada were quite positive. Annual inflation rate continued to accelerate in August with a boost from higher costs for gasoline, hotels and airline tickets. CPI growth accelerated to 1.4% from 1.2% in July. The nation’s retail sales rose more than expected in July as consumers spent more on new cars, food and alcohol. 
It’s time to see whether Canadian economy once again shows good results. The stronger figures we get, the better it will be for the CAD. 

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Canadian CPI

Inflation data is the most important indicator that affects the central bank’s monetary policy.

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