Bank of Canada released its Interest Rate Statement, and Overnight Rates were announced to remain the same at 1.00%.
Unchanged Interest Rate pushed USD/CAD down from 0.9720 to trade at 0.9664.
Change in the price of goods sold by manufacturers; Insuatrial Product Price Index, was released lower than expected earlier today. As 0.7% was forecasted for IPPI in Canada, an announcement came out that IPPI was released at 0.5%, lower than last month's figure as well. Raw Materials Price Index however had a positive attitude with a 6.8% hike, when only 3.7% was expected. Figures also show a higher bargain than last month's 5.8%.
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