Canadian CPI for April

Anyone trading the Canadian Dollar is likely to focus on Friday’s inflation data released for the month of April. The consumer price index is expected to increase by 0.3% in April or half the 0.6% rate reported in March. Annualized inflation is expected to increase by 2.0% which would be a significant increase from the 1.5% reported in March. The Canadian Dollar is likely to experience some volatility and forex traders should be aware of this report.