The loonie awaits the important release

The loonie awaits the important release

Canada will release the level of CPI on August 21, at 15:30 MT time.

The consumer price index is defined as the change in the prices of goods and services that are usually purchased by a customer. It accounts for the majority of overall inflation. Last time, the indicator declined by 0.2%. Despite that, the release was still better than the forecast of -0.3%. As a result, the Canadian dollar strengthened.

• If the level of CPI is higher than the forecasts, the CAD will rise;

• If the level of CPI is lower than the forecasts, the CAD will fall.

Check the economic calendar

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