Highlights of the October CPI report from Statistics Canada:
- Prior reading was 2.0%
- Core 2.3% vs 2.1% exp
- Prices up 0.1% in the month compared to -0.2% exp
- Core prices up 0.3% m/m compared to 0.2% exp
The market is buying the loonie with two hands on that headline. The 55-dma is at 1.1195.
Core CPI highest since 2012
