What is it? It check the change in the price of goods and services purchased by consumers, excluding the 8 most volatile items.
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.
Usual Effect: If the number is higher than the forecast, you can expect the CAD to rise.
When? October 17th at 8:30am Eastern Time.
Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.
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