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.