USDCAD News by Newsroom on : , EST
Retail sales and CPI were better than anticipated in the North American country. Core retail sales increased by 2% in the previous month, way above the 0.7% expected. CPI was inline with expectations at 0.6% and, considering how weak inflation is in the western world at present, it is a very remarkable figure.
Meanwhile, in the US CPI was released too and it came at 0.2% as expected.
The Canadian dollar remains strong versus most currencies at the moment and USDCAD is lingering in the 1.21 area after reaching a multi year high just last month at 1.28.