Will Canadian CPI Data Offer Loonie Any Support? - Action Forex
The Bank of Canada has made great strides in its bid to get inflation back to its 1-3% target band, but as is the case in the United States and other major economies, the progress has stalled lately. The downward trend in both the headline and underlying price metrics in Canada appear to be bottoming out in the 3-4% range.
The Bank of Canada has made great strides in its bid to get inflation back to its 1-3% target band, but as is the case in the United States and other major economies, the progress has stalled lately. The downward trend in both the headline and underlying price metrics in Canada appear to be bottoming out in the 3-4% range.
