Jun 23/14 – Lalalalala – I can’t hear you
On Friday the Canadian government released their most recent statistics on inflation. Economists were expecting CPI to rise at a 2.0% annual pace but the actual number came in at 2.3%. The CPI Core also exceeded forecasts with the YoY rate of 1.7% running hotter than the expected 1.5%.
As you would expect, the Loonie firmed on this news, pushing to new 5…