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
Investment & Commodities/Futures Advisor
604-664-2842 – Direct
604 664 2900 – Main
604 664 2666 – Fax
800 810 7022 – Toll Free
