USDCAD Falls on Strong Inflation and could Go Lower
Canadian consumer inflation rose stronger than expected, adding 1.4 for March and accelerating to 6.7 yy from 5.7 a month earlier and the forecasted 6.1. The Bank of Canada last week raised its key rate by 50 points and announced a quantitative tightening in response to accelerating price growth. The fresh batch of data has […]