Canadian Inflation Rises

Posted by Drew Zimmerman

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The consumer price index in Canada rose a higher-than-expected 1.5 per cent in January. Inflation is now running at its fastest pace in 19 months, but continues to remain below the central bank’s official 2-per-cent target.

The Canadian dollar futures were down this morning but bounced back 0.5 cents on the news to 89.77. The bounce was despite a lower Retail Sales than was expected.


Drew Zimmerman

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