Canadian Dollar Rises Sharply as Consumer Inflation Beats Expectations

Jun 19,2019 19:45   Source:Earnforex
The Canadian dollar was firm today after nation’s consumer inflation accelerated and beat analysts’ expectations. The rally of crude oil prices likely also helped the currency. Statistics Canada reported that the Consumer Price Index rose 2.4% in May, year-over-year, after rising 2.0% in April. The gains were broad-based, including higher prices for food and durable goods, while prices for gasoline declined. Month-on-month, the index was up 0.4%, without […]

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