Inflation Figures Boost CAD – but Is Canada Being Eased out of NAFTA Talks?
This week’s Canadian Inflation Figures spurred the Canadian dollar this week with the Loonie enjoying gains against a multitude of currencies. The figure which smashed its target is now fueling speculation that the Bank of Canada could raise interest rate again. The gains come despite speculation that the US and Mexico could be squeezing Canada out of renewed NAFTA negotiations.
Canadian inflation figures up
The latest monthly Canadian Consumer Price index highlighted a significant increase in this month with the figure increasing 0.5% against a forecast of 0.1%. The inflation rate rise highlights the highest level of inflation since 2011. ...