USD/CAD Lower ahead of Canadian Data Thursday

n Thursday at 8:30 AM ET Canadian CPI will be released. Forex Traders are expecting a year over year increase of 0.7 % versus the previous report of 1.5 %. On the month, the estimates are for a decline of 0.4 % versus last months decline of 0.7 %. Core CPI is expected to show a 2.1 % increase year over year, versus an increase of 2.2 % in the previous report. Month over month the Core is expected to show a 0.1 % increase versus a decline in the previous report of 0.3 %. The USD/CAD is trading at 1.2435 down 0.0060. The pair has been trading weak Wednesday. Market chatter about Fed Policy and BOC policy ahead continues non-stop.