USD/CAD Surges, Canadian CPI Slips

USD/CAD is trading at 1.2888, up 0.0106. The pair is trading choppy and has surged higher in rapid fashion. Statistics Canada reported that year over year CPI (consumer price index) for July was 1.3 percent versus 1.5 percent in June. On the month CPI slipped to 0.2 percent from 0.2 in June. Core CPI year over year was 2.1 percent versus 2.1 percent in June.