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Canadian October CPI rose to 2.4 percent year on year against a 2.2 percent forecast, but core inflation measures were unchanged and core retail sales missed. USDCAD initially fell about 50 pips before reversing higher.
Headline inflation alone does not change Bank of Canada expectations, so the loonie's direction stays tied to oil and US rate outlook. The move has little direct effect on feed commodity prices.
xtb.comNov 23, 2018Not 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.
