# CAD flows: USD/CAD higher as Canadian CPI comes in softer th

> Canadian CPI for February came in below expectations across headline and core measures, with the BoC's core gauges falling to about 3.1-3.2%. Front-end Canadian yields dropped around 10 basis points and USD/CAD rose about 30 pips.

- Date: 2024-03-19 · published 2024-03-19T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/31433-cad-flows-usd-cad-higher-as-canadian-cpi-comes-in-softer-th
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Softer inflation raises expectations of earlier BoC rate cuts, narrowing yield support for the loonie and lifting USD/CAD. The move is a currency and rates story with no direct feed-grain price implication.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- continuumeconomics.com: https://continuumeconomics.com/a/07a8d72c/cad-flows-usdcad-higher-as-canadian-cpi-comes-in-softer-than-expected

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