Canada will see the release of its inflation and retail sales data on Friday at 1230 GMT. Forecasts point to an acceleration in price pressures and a sharp rebound in sales, which if confirmed, could enhance speculation for another BoC rate increase this year. Beyond economic data, any developments on the NAFTA front could also be crucial for the loonie’s forthcoming direction. When the Bank of Canada (BoC) raised interest rates last week for the second time this year, it [..]
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