Usd to cad forecast cibc: The Canadian Dollar Today: April Inflation Data in Focus

“Inflation in Canada is just a steady as she goes story, and she goes right in line with the Bank of Canada’s target. That’s true for the headline 2.0% rate, and nearly so for the three core measures that average only a tick lower at 1.9%. There’s nothing for markets to really chew on today, with the date essentially bang on expectations, and with the headline figure only a tick higher than the prior month and showing no obvious trend,” says Avery Shenfeld, chief economist at CIBC Capital Markets .

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