Loonie Dips Intraday on Inflation Data, Recovers to Settle Higher

May 15,2019 20:34   Source:Earnforex
The Canadian dollar declined intraday as some of Canada’s inflation indicators missed expectations. But the currency rebounded later, ending the Wednesday’s trading session above the opening level. Statistics Canada reported that the Consumer Price Index rose 0.4% in April from the previous month and 2.0% from a year ago, without adjustments for seasonal variations. That was within expectations. But some of the Bank of Canada preferred measures of core inflation missed […]

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