23.11.201006:57:00UTC+00Loonie Steady Ahead Of Canada's October CPI Data

Canada is set to release its consumer price index for October at 7:00 am ET. Analysts expect that the inflation rose 2.2 percent on year from 1.9 percent in the previous month. On month, the CPI is expected to remain unchanged at 0.2 percent in October.

The headline core consumer price index is expected to remain unchanged at 1.5 percent on year. Meanwhile, the core CPI in the month is expected to come in at 0.1 percent, down from 0.2 percent in the previous month.

The Canadian dollar held steady against its major rivals ahead of the data. At present, the loonie is quoted at 1.0195 against the US dollar, 1.3824 versus the euro and 81.85 against the yen.

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