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Canada's March CPI edged up while core inflation eased, lifting bets on a June Bank of Canada rate cut. The Canadian dollar fell to a five-month low of C$1.3824 per US dollar after the data.
Softer core inflation supports earlier BoC cuts and a weaker loonie, which raises the Canadian-dollar cost of US-priced feed imports.
reuters.comIsmail ShakilApr 16, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
