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USD/CAD Drops as US Inflation Dips, Canada Surges

3/2/2025

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Summary

Story summary

USD/CAD experiences a slight decline following the release of US PCE inflation and Canadian GDP data.
US core PCE inflation decreased to 2.6% in January, down from 2.8% in December.
Canada's economy grew unexpectedly at 2.6% annually, exceeding the 1.9% forecast.
Canadian GDP increased by 0.2% in December, consistent with November's decline.
CAD outlook is negatively impacted by potential 25% US tariffs on Canada.

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Story summary

USD/CAD experiences a slight decline following the release of US PCE inflation and Canadian GDP data.
US core PCE inflation decreased to 2.6% in January, down from 2.8% in December.
Canada's economy grew unexpectedly at 2.6% annually, exceeding the 1.9% forecast.
Canadian GDP increased by 0.2% in December, consistent with November's decline.
CAD outlook is negatively impacted by potential 25% US tariffs on Canada.