World Economy

Canada CPI Rebounds

Canada CPI ReboundsCanada CPI Rebounds

Canada’s consumer price index rose as expected by 0.1% month on month in October, after recording a drop of 0.2% in the previous month, reported. However, the nation’s retail sales unexpectedly fell 0.5% MoM in September, recording its first decline in five months, and compared to a 0.5% rise in the previous month. Investors had expected it to increase 0.1%. The fall was mainly attributed to cheaper gasoline prices. In the Asian session, the pair is trading at 1.34, with the US dollar trading 0.44% higher from Friday’s close.