Canada’s CPI

Canada’s CPI

Canada will release consumer inflation figures for May at 15:30 MT time on June 23. Inflation data is an important factor for CAD exchange rate.

At its last meeting, the Bank of Canada left policy unchanged citing the slowing pace of underlying inflation. Higher CPI can make traders start thinking about higher rates in Canada and, consequently, buy the Canadian dollar. If, however, the indicator misses the forecast, the CAD will get under negative pressure.

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