Consumer price inflation in Canada rose more than expected last month, official data showed on Friday.
The Customer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer.
In a report, Statistics Canada said that Canadian consumer price inflation rose to a seasonally adjusted 0.2 % from 0.2% in the preceding month.
Analysts had expected Canadian consumer price inflation rise to 0.1% last month.
A higher than expected reading should be taken as positive/ bullish for the CAD, while lower the expected reading should be takes as negative/ bearish fore the CAD.
MegaTraderFX - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.
All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. MegaTraderFX bears no responsibility for any trading losses you might incur as a result of using any data within the MegaTraderFX.
