October 2017 Canadian CPI report 17 November 2017
- Prior 1.6%
- BOC core 0.9% vs 0.8% prior y/y
USDCAD was already well bid and up to 1.2780 from 1.2750 before the release and despite a flip down to 1.2755-ish, is back p making a new high at 1.2786.
I’ve highlighted the core but it looks like the market is going with the confirmed drop in the headline number vs Sep, and thus erasing more hike expectations.