Canadian inflation released
Figures just released show the Canadian consumer price index rose 0.3% in the last month, falling at an annual rate of -0.8%. Core consumer inflation figures from the Bank of Canada have put inflation at 0.1% on the month, or an annual rate of 1.6%. The core figure however, excludes the traditionally volatile elements of food and energy prices, and this is the reason for the discrepancy.
A rally in equity markets recently has led the MSCI world index to an 11-month high after healthy economic figures from the US led to optimism over global recovery. The Canadian dollar has rallied on the back of this optimism and is currently trading at the top of ranges against the US dollar.
Foreign exchange rates for the Canadian dollar are currently at USD0.9391, GBP0.5679 and EUR0.6380.
The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.