Canada Consumer Price Index (CPI) MoM
Currency: Canadian Dollar
Previous value: 0.5%
Market reaction - market price changing right after the data has been published. Follow past market changes by choosing tiker and event date.
The core Consumer Price Index, published by Statistics Canada, reflects changes in the price of goods and services. The purchasing power of CAD depends on inflation. The Bank of Canada has set a target inflation range at 1%-3%. The high result is taken as a positive/bullish for the CAD direction and hints on a possible rate hike.
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