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Canada: Consumer Price Index beats consensus and rises 1.2% in February (MoM)

FXstreet.com (Barcelona) - The Consumer Price Index in Canada beat consensus expectations of 0.8% and rose from 0.5% to 1.2% in February (YoY). The monthly figure rose 1.2% and beat expectations of 0.7%. The core figure increased its rising pace, from 0.1% to 0.8%.

The Core CPI by BoC rose 0.7% (above 0.3% consensus and previous 0.1%), pushing for an annualized rise from 1% to 1.4%, beating consensus of 1%.

Canada Feb Consumer Price Index - Core (MoM) rises to 0.8% vs 0.1% (Jan)

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Forex: EUR/CAD stumbles to session lows on upbeat Canadian CPI

The EUR/CAD has been waning since it’s opening near the 1.3080 region. Having fallen lower continuously during European trading, the pair has now plunged to session lows in these moments near 1.2979/82. Coupled with weak European data, the recent release of upbeat Canadian CPI figures have prevented any rally or recovery from occurring today for the pair.
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