USD/CAD Remains Rangebound as Canadian CPI Data Comes in Hot - DailyFX

Canadian inflation data came in hotter than expected for April, which could force the BoC to become even more hawkish in the months ahead.

Canadian CPI, Inflation, USDCAD – Talking Points

• Canada CPI for April: 6.8% vs. 6.7% est. (prev. 6.7%)
• Canada Core CPI for April: 5.7% vs. 5.4% est. (prev. 5.5%)
• USD/CAD cont… [+2276 chars]
  full article...