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Canadian core inflation drops – USD/CAD bounces

Canada released a bulk of retail sales and inflation data. The data is mixed, but the weaker parts seem to take over. Core CPI is up only 1.1% y/y, a drop from 1.3% last month and 1.4% expected. Headline inflation also fell short by remaining at 1.6%. Retail sales look better: a rise of 0.7% against […] The post Canadian core inflation drops – USD/CAD bounces appeared first on Forex Crunch.

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