# Canada March CPI edges up; easing core inflation feeds June rate cut bets | Reuters

> 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.

- Date: 2024-04-16 · published 2024-04-16T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/30975-canada-march-cpi-edges-up-easing-core-inflation-feeds-june-rate-cut-bets-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Softer core inflation supports earlier BoC cuts and a weaker loonie, which raises the Canadian-dollar cost of US-priced feed imports.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/americas/canadas-inflation-rate-ticks-up-29-underlying-cooling-continues-2024-04-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.