The Core Canadian inflation number, which excludes volatile items and help guide the Bank of Canada, increased by 1.3 per cent, a greater pace than the 1.1 per cent in November.
This higher print assists the Bank of Canada with maintianing their current interest rate environment and has supported a small bounce in the Canadian dollar.
Canadian Dollar futures are up 30 points today to 90.16.
Drew Zimmerman
Investment & Commodities/Futures Advisor
604-664-2842 – Direct
604 664 2900 – Main
604 664 2666 – Fax
800 810 7022 – Toll Free
