USD/CAD Trading Lower, Canadian Core CPI Edges Down

USD/CAD is trading at 1.3499, down 0.0038. The pair is trading just above the session lows. Statistics Canada reported that year over year CPI (consumer price index) for October was 1.5 percent versus 1.3 percent in September. On the month CPI rose 0.2 percent versus a rise of 0.1 in September. The Bank of Canada (BOC) reported that October year over year Core CPI edged down to 1.7 percent versus 1.8 percent in September.