The consumer price index in Canada it rose 0.5% in February, below the 0.7% increase of the market consensus. The annual rate went from 1% to 1.1%, lower than the 1.3% expected. It is the highest level in more than a year.
The underlying index fell 0.1%. The Bank of Canada core index it grew 0.3% in February, below the consensus rise of 0.8%. The annual rate of this indicator fell in February to 1.2% from 1.6%.
The loonie was not affected by the data. The USD / CAD it remained close to the day’s highs around 1.2460 / 70. Against the other currencies, n showed greater variations after the data.
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