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Canada Producer Prices Flat in June, Raw Material Costs Slide
Excluding energy products, producer prices edged up 0.1% on-month, the data agency said Friday.
Canadian Dollar Gives a Mixed Thursday Performance
The Canadian Dollar (CAD) recovered some ground in mixed trading on Thursday but still shed weight against the Greenback, the market’s best-performing currency of the day.
Canada Unemployment Rate Expected To Peak at 6.6% -- Market Talk
CIBC Capital Markets revises its economic forecast for Canada, with the most notable change being an uptick in the unemployment rate.
Canadian Dollar Slips Back on Wednesday as Markets Reassess BoC Rate Decision
The Canadian Dollar (CAD) shed weight on Wednesday as investors take a second look at Canadian Consumer Price Index (CPI) inflation figures released earlier in the week.
Canada's core inflation unexpectedly remained unchanged, slightly reducing the possibility of consecutive interest rate cuts in July.
According to Karl Schamotta, Chief Market Strategist of Corpay, overall inflation in Canada slowed as expected last month, but the core inflation indicator surprisingly remained unchanged, which slightly reduced the possibility of a consecutive rate cut at the July meeting of the central bank. The market currently believes there is a 92% chance of a rate cut by the Bank of Canada this month. However, if the Bank of Canada keeps rates unchanged and disappoints these expectations, the Canadian dollar may rebound due to this surprise.
Canadian Dollar Struggles to Find Direction on Tuesday After Mixed Canadian CPI Inflation Print
The Canadian Dollar (CAD) went sideways on Tuesday after CAD traders found little reason to bid too firmly in either direction after a mixed Canadian Consumer Price Index (CPI) inflation print.