- Annual inflation remains at 6.9%, core inflation falls to 5.8%.
- Consumer Price Index rises 0.7% in October.
- The USDCAD without significant changes, remains around 1.3750.
The Consumer’s price index (CPI) in Canada registered an advance of 0.7% in October, in line with expectations. The annual rate held at 6.9%, which is the lowest reading since April 2022.
The Bank of Canada Core CPI posted a 0.4% rise in October, below market consensus of 0.7%, and matched September’s advance. With respect to 12 months ago, an increase from 6% to 6.3% was expected, but there was a drop to 5.8%.
The USDCAD initially rose but then returned to the 1.3750 area. The loonies was not significantly affected by the numbers. At the same time, US retail sales data was released, which came out better than expected.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
