The annual inflation rate in Canada rose to 2.2% in March from 1,1% in February and slightly below market expectations of 2.3%. Still, it is the steepest inflation rate in a year. On a monthly basis, consumer prices remain unchanged at 0.5% and below market expectations of 0.6%.
USDCAD pair rose after today's data releases and is heading towards the resistance at 1.2622. Source:xStation5
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