- The Loonie is surging today as core prices, which exclude energy, rose the fastest in six years, up for a 5th month to 2.03%
- Minimum wage increases in Ontario were a contributor to consumer prices that rose 2.2%, according to Statistics Canada, but higher prices for energy, cars, and mortgage rates are the main source of inflation growth.
- Bank of Canada may lift its interest rate hike forecast if inflation continues to rise.
- ETFs: FXC
Canadian dollar spikes on consumer inflation
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Symbol | Last Price | % Chg |
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FXC | - | - |
Invesco CurrencyShares® Canadian Dollar Trust ETF |