Canada does not have inflationary problems at the moment and the CPI is expected to confirm this as economists expect a 0.8% increase for the months of October, down from the previous 1.1%. Traders may not react to this report unless there is going to be a major surprise.
Canada seems to be chugging along with the rest in the global economy, but overall they should outperform during a slower growth environment and the Canadian Dollar should reflect that. While Canada is facing its own struggles they fare much better than their southern neighbor.