Prices rose to a rate less than the market expected during march in Canada. This generated a fall in the price of the loonie.
As reported the agency of statistics Canada, the consumer price index (CPI) rose 0.2% in march, below the 0.4% expected by analysts and matching the figures of February. The annual rate increased from 2% to 1.6% (against 1.8% expected).
In regard to the index core, or underlying, which excludes components more volatile, rose by 0.3% bringing the annual rate to 1.3% (last month was located at 1.7%).
After the data, USD/CAD went up from 1.3470 to 1.3495. The fall of the loonie, I was being moderate, but that it might acquire relevance in a day’s tours limited.