Canadian dollar boosted by inflation data, USD/CAD rallies
Canadian consumer prices rose 0.5% in July following a 0.2% decline in the previous month. The year-on-year increase held at 2.0% compared with consensus forecasts of a decline to 1.7%. The core CPI rate also held at 2.0% and the Bank of Canada core rate was unchanged at 2.03%. The Canadian dollar strengthened in light […]