# The Canadian Dollar Celebrates Inflation Gains but Some Are Looking to Cash Out and Walk Away

> The Canadian dollar rose against the USD and GBP after Canada's core inflation measures ticked higher in November, with the median CPI rising sharply. Some analysts planned to exit long loonie positions ahead of expected weakness in 2020.

- Date: 2019-12-18 · published 2019-12-18T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/55806-the-canadian-dollar-celebrates-inflation-gains-but-some-are-looking-to-cash-out
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Firmer core inflation reduces near-term Bank of Canada easing, supporting the loonie and modestly raising USD-denominated Canadian feed costs. The direct effect on feed prices is small.

## Read by commodity

- USDCAD: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/cad/12557-canadian-dollar-aided-by-inflation-gains-but-some-buyers-are-look-to-cash-out-and-walk-away

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