USD/CAD Trading Higher, Canadian CPI Eases

USD/CAD is trading at 1.3114, up 0.0067. The pair is trading very choppy and brisk. Statistics Canada reported that year over year CPI (consumer price index) for August eased to 1.1 percent versus 1.3 percent in July. On the month CPI slipped to 0.2 percent versus a decline of 0.2 in June. The Bank of Canada (BOC) reported that August year over year Core CPI slipped to 1.8 percent versus 2.1 percent in July.