fxstreet.com 17 Feb, 2021 13:45 am

When is Canadian CPI report and how could it affect USD/CAD?

When is Canadian CPI report and how could it affect USD/CAD?
Wednesday's economic docket highlights the release of the Canadian consumer inflation figures for January, scheduled later during the early North Amer

2700 •  Rocky Canadian recovery About Canadian CPI The Consumer Price Index (CPI) released by Statistics Canada is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.About BoC core CPI Consumer Price Index Core is released by the Bank of Canada.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.

Generally speaking, a high reading is seen as anticipatory of a rate hike and is positive (or bullish) for the CAD.Generally speaking, a high reading anticipates a hawkish attitude by the BoC, and that is said to be positive (or bullish) for the CAD.

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